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Mixed Finish After Record High DJIA

EQUITIES

The Dow Jones Industrial Average hit a new record at the open Monday, but the risk-on sentiment failed to persist into the close as US equities faded, taking their cue from a mixed finish in Europe. The e-mini S&P traded in a relatively tight range, with mid-session resilience fading in the final few hours of trade.

Energy and financial names led losses, with healthcare and real estate not far behind. The outperforming sectors included communication services and utilities. Notable stock moves included American Airlines and Boeing (both higher by 3% or more) as markets took a rosier view on the prospects for flying and international travel.

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