Top tech and biotech shares helped US stocks end with slight gains Monday, while caution at the beginning of the week kept a lid on the market.
Intel gained 1.7% at $33.59, while Apple added 0.6% at $111.73. But after the bell and posting their results, IBM lost 4.9% to $141.94 and Rambus dropped 10.2% to $12.48.
The S&P 500 Energy Sector slid 1.9% as US crude oil erased 2.9%. Exxon slipped 1.8% to $80.99 and Chevron fell 1.4% to $90.03.
Energy and oil prices plunged today, led by the industrials and materials sectors. It “took a little bit off the enthusiasm for equities,” said Mark Luschini, Chief Investment Strategist at Janney Montgomery Scott.
The Dow Jones Industrial Average climbed to 17,230.54, up 0.08%, the Nasdaq Composite rose to 4,905.47, up 0.38%, and the S&P 500 increased to 2,033.66, up 0.03%.
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