Dow closes at another record, but postelection rally shows signs of fading
U.S. stocks closed mostly flat on Monday, as the market's recent upward momentum appeared to stall as investors sought more clarity on the policy proposals of president-elect Donald Trump. Major indexes are coming off a strong period of gains - last week was the Dow's strongest since 2011 - that has persisted since the unexpected result of the presidential election. While equities have broadly risen, there has been a big divergence in the performance of specific sectors. Financial stocks have surged while technology has struggled, a trend that persisted on Monday. The Dow Jones Industrial Average [S: DJIA] rose 21.58 points, or 0.1%, to another record closing high of 18,869.24, with financial shares like Goldman Sachs [S: GS] supporting the blue-chip index. The S&P 500 [S: SPX] ended down 0.22 point to close at 2,164.22, essentially unchanged on the day. The Nasdaq Composite Index [S: COMP] fell 18.72 points to close at 5,218.4, a move of 0.4%, with technology stocks again among the biggest decliners of the day.
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