Stock market ends mostly higher, Nasdaq closes at records
U.S. stocks closed mostly lower on Monday, though the Nasdaq ended at a record for a second straight session. The Dow Jones Industrial Average fell 157 points, or 0.6%, to 25,179, retreating after its biggest one-day jump in nearly five weeks. The S&P 500 dipped 3.5 points, or 0.1%, to 2,783. The Nasdaq Composite Index rose 28 points to 7,588, a gain of 0.4%. The tech-heavy index was supported by gains in large-capitalization internet and technology names. Amazon.com rose 1.2% in its seventh straight positive session. Apple Inc. gained 1%. Positive sentiment was supported as sentiment continued to improve in the wake of recent data pointing to improvement in labor market, but little inflation that could threaten the market's uptrend. Stocks saw massive gains on the data in Friday's session.