Dow Hits Record High While Tech Retreats
The Dow Jones Industrial Average rose 0.28 percent to end at 21,891.12 points and the S&P 500 lost 0.07 percent to 2,470.3.
Randy Frederick said that The bull market is sort of broadening out
and people are taking a few profits off the table on some of these stocks that have done exceedingly well,
Dennis Dick said that The market in the last week has become jittery,
In July, the S&P 500 rose 1.9 percent, the Dow added 2.5 percent and the Nasdaq gained 3.4 percent.
The market reacted little to news that U. S. President Donald Trump’s communications director, Anthony Scaramucci, was
leaving the job after little over a week, the latest staff upheaval to hit the Republican’s six-month-old presidency.
S&P 500 earnings are expected on average to have grown 10.8 percent in the second quarter, according to Thomson Reuters I/B/E/S.
Position of the Dow Jones industrial average at 1-minute intervals on Monday.
"Money managers are looking to take profits and for any excuse to do so."