Wall Street rises to new record high
A choppy day on Wall Street ended Monday with the S&P 500 and Dow Jones Industrial Average notching new highs after recovering from an early slide. The indexes each rose 0.3%, extending their winning streak to a fifth day, while the Nasdaq fell 0.2%.
Technology and health care stocks accounted for much of the gain in the S&P 500. Sectors traditionally considered lower risk, including utilities and companies that make food and personal goods also helped lift the market. Those gains outweighed a pullback in banks, energy stocks and a swath of retailers and travel sector companies.
Despite the latest gains, there are signs that investors have turned cautious with the market at all-time highs amid rising coronavirus infections in the U.S.
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