NEW YORK — The stock market paused Monday, ending on a mixed note, after a string of records in recent weeks. ADVERTISING NEW YORK — The stock market paused Monday, ending on a mixed note, after a string of records
NEW YORK — The stock market paused Monday, ending on a mixed note, after a string of records in recent weeks.
Investors had little company-specific news to digest, although the U.S. and other world powers reached a deal to limit Iran’s nuclear program, an event that pushed down oil prices and energy stocks.
The slow day represented a pause in the market’s strong run-up, capped by another milestone on Friday, when the Standard &Poor’s 500 index closed above 1,800 for the first time.
Despite light trade, Monday did feature another market milestone. The Nasdaq rose as high as 4,007.09, a level it hasn’t seen since Sept. 7, 2000, during the dot-com bubble. The index ended up 2.92 points, or 0.1 percent, at 3,994.57.
The Dow Jones industrial average rose eight points, or 0.1 percent, to 16,072.54. Meanwhile, the Standard &Poor’s 500 index fell 2 points, or 0.1 percent, to 1,802.48.
Oil fell 75 cents, or 0.8 percent, to $94.09. Energy companies Halliburton, Transocean and Schlumberger all fell 2 percent or more.
Even with Monday’s decline, S&P 500 has risen seven straight weeks and is up 26 percent in 2013.
