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Dow rises more than 100 points to close at a record
The Dow Jones Industrial Average reached a record high on Monday as investors anticipated new inflation and earnings data.
The 30-stock index rose by 125.69 points, or 0.33%, closing at 38,797.38.
The S&P 500 experienced a slight decrease of 0.09%, settling at 5,021.84, while the Nasdaq Composite declined by 0.3%, finishing at 15,942.55.
Salesforce contributed to the Dow’s decline, with the cloud-based software stock falling by 1.4%.
Meanwhile, Hershey’s shares slipped by less than 1% following a downgrade to underweight from Morgan Stanley due to softer demand.
In contrast, Diamondback Energy surged by 9.4% after announcing its acquisition of oil and gas producer Endeavor Energy Partners, CNBC reported.
READ MORE: https://www.cnbc.com/2024/02/11/stock-market-today-live-updates.html
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