Stocks end mostly lower, except for tech

Paterniano Del Favero
Luglio 25, 2017

However, the Dow Jones Industrial Average ended the session 0.3% lower at 21,513, while the S&P 500 index wrappeed up Monday trade off 0.1% at 2,469, as gains in the financials sector (XLF) and tech were more than offset by sharp slumps in telecommunications, utilities, and consumer-discretionary stocks.

Health information site WebMD soared 20 percent after agreeing to be acquired by the investment firm KKR.

As of Friday, 73 percent of S&P 500 companies that had reported beat earnings estimates and 77 percent topped sales estimates, according to data from FactSet.

Nike fell about 1 percent in early trading Monday, while Johnson & Johnson was down 0.6 percent.

The Federal Reserve's policymaking committee begins a two-day meeting on Tuesday, following its decision last month to raise short-term interest rates for the third time since December. The Nasdaq Composite Index closed 0.4% at 6,410, boosted by a continued rally in the highflying technology sector (XLK).

Bond prices slipped. The yield on the 10-year Treasury rose to 2.25 percent.

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