Mixed Session - Dow Higher While Tech Stocks Slide

Equity markets were mixed Monday, with the Dow Jones Industrial Average holding in the green thanks to decent turnouts from Disney and Caterpillar shares, while the NASDAQ and the tech sector more broadly traded poorly.

The e-mini S&P traded lower, with the index in the red for the fifth consecutive session, opening a gap of around 70 points with the all time highs printed early last week. For the index, directional parameters remain unchanged, with support at 3843.60 to the downside, while the first upside target remains the all time highs of 3959.25.

In the S&P 500, utilities and tech names lead the decline, while the energy sector has seen decent support from the bounce in crude oil prices. Across Europe, the session was less inspiring, with shallow losses of 0.1-0.4% posted across the continent.