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Dow Pops to New Record

The Dow Jones Industrial Average rose to a new high on Monday as investors awaited fresh inflation and earnings data.

The blue-chip index shot up 125,68 points to close Monday at 38,797.38.

The S&P 500 index slid 4.77 points to 5,021,84.

The NASDAQ index dumped 48.12 points to 15,942.55.

Salesforce dragged the Dow lower, with the cloud-based software stock sliding 1.4%. Shares of Hershey slipped less than 1% following a downgrade to underweight from Morgan Stanley on the back of softer demand.

On the other hand, Diamondback Energy rose 9.4% after announcing that it would acquire oil and gas producer Endeavor Energy Partners.

Some 61 names in the S&P 500 are set to report earnings in the week ahead, including gig economy stocks Lyft, Instacart and DoorDash. Companies such as AutoNation, Kraft Heinz, Hasbro and Coca-Cola will also shed light on the state of the U.S. consumer.

Prices for the 10-year Treasury sagged, raising yields to 4.19% from Friday’s 4.18%. Treasury prices and yields move in opposite directions.

Oil prices were better by 17 cents to $77.01 U.S. a barrel.

Gold prices lost $4.50 to $2,034.20.



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