Investing.com – Shares closed about flat Monday. Stocks had recovered from an opening slump, but the rally beat the resistance as the S&P 500 approached 3000.
It ended very easily. It ended up ahead of 0.1% and closed down 0.06%. The S&P 500 closed below 3000 for another straight trading day after seven straight days with rods above 3000.
Consumer stocks were the bright spot, as was Apple (NASDAQ :), which was up nearly 1% on the day and more than 5% for the month. Apple has recovered after the new iPhone models have grown.
The opening slump, which pushed down a whopping 1
Athletic apparel maker Lululemon Athletica (NASDAQ 🙂 was a top stock after an upgrade. Nike (NYSE 🙂 was also higher. Procter & Gamble (NYSE 🙂 hit a new high.
and were higher. Interest rates moved lower and yields dropped to 1.715% from Friday's 1.753%.
The most important averages are still in a holding pattern, about 1% to 2% below their 52-week peak reached in July, frustrating bulls that increased to see new highlights.
But uncertainty surrounding US-China trade negotiations weighs on the markets. It is still up 2.2% in September, up 2.1% and Nasdaq up 1.9%.
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