Otmane El Rhazi from Investor's Business Daily - Investing RSS.
Stocks closed narrowly mixed Monday, but many leaders showed better action. The Nasdaq rose 0.2%, thanks to strength in data storage and networking stocks. But it was up as much as 0.5% intraday, to another 14-1/2-year high. Monday marked the index's first close in the bottom half of its trading range in eight sessions -- a small sign of slack after a torrid advance. The S&P 500 reversed mildly from an all-time high, ending fractionally lower.
Stocks closed narrowly mixed Monday, but many leaders showed better action. The Nasdaq rose 0.2%, thanks to strength in data storage and networking stocks. But it was up as much as 0.5% intraday, to another 14-1/2-year high. Monday marked the index's first close in the bottom half of its trading range in eight sessions -- a small sign of slack after a torrid advance. The S&P 500 reversed mildly from an all-time high, ending fractionally lower.
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