Credit: Shutterstock photoStocks ended a relatively quiet trading session on Monday with mixed results, as the Dow Jones Industrial Average and the S&P 500 edged out small gains while the Nasdaq Composite was marginally lower. Of the 10 S&P 500 sectors, six were higher, with consumer discretionary stocks posting the largest gains. Fourteen of the 30 Dow components were stronger, with General Electric ( GE ) up 1.3% to lead the advancers while Microsoft ( MSFT ) fell by the about same amount.
Economic data was mixed, with data showing personal spending in February rose an expected 0.1% while January was revised down to 0.1% from 0.5%. The National Association of Realtors' February pending home sales index bounced 3.5% to 109.1 in February, the biggest increase in seven months. Investors are now looking ahead to a speech tomorrow by Federal Reserve Chair Janet Yellen on the economic outlook and monetary policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
