U.S. stock indexes finished mixed Monday as the Dow Jones Industrial Average and the S&P 500 battled to record highs for a fifth straight day, reversing sharp losses seen early in the session.
The Dow Jones Industrial Average gained 108 points, or 0.31%, while the S&P 500 rose 0.26% and the Nasdaq Composite slid 0.2%. The Dow was down as many as 283 points at its worst level of the day.
|I:DJI||DOW JONES AVERAGES||31097.26||+321.83||+1.05%|
|I:COMP||NASDAQ COMPOSITE INDEX||11127.845123||+99.11||+0.90%|
In stocks, concerns over the spreading COVID-19 delta variant bogged down airlines, cruise ship operators and other travel-related names.
|DAL||DELTA AIR LINES INC.||29.52||+0.55||+1.90%|
|NCLH||NORWEGIAN CRUISE LINE HOLDINGS LTD.||11.33||+0.21||+1.89%|
Tesla Inc. shares were lower after the National Highway Traffic Safety Administration announced a formal investigation into 11 accidents that involved the electric-car maker's Autopilot feature. The probe will look into 765,000 Tesla Model Y, X, S and 3 vehicles from model years 2014-2021.
Meanwhile, China-linked names, including Alibaba Group, JD.com Inc. and Baidu Inc., were under pressure after retail sales and industrial production data in the country slowed sharply.
|BABA||ALIBABA GROUP HOLDING LTD.||116.00||+2.32||+2.04%|
Elsewhere, T-Mobile US Inc. shares were lower after the telecom-services provider said it was investigating claims made on an online message board that more than 100 million customers were victims of a data breach.
|TMUS||T-MOBILE US INC.||136.81||+2.27||+1.69%|
And Apple notched higher, despite weakness in broader technology stocks, closing at $151.12 per share.
In deals, Hyatt Hotels Corp. agreed to buy resort company Apple Leisure Group from private-equity firm KKR & Co. and travel and leisure investor KSL Capital Partners for $2.7 billion in cash.
|H||HYATT HOTELS CORP.||75.17||+1.26||+1.70%|
U.S.-listed Australian miner BHP Group is in talks to sell its oil and gas business to Australia-based Woodside Petroleum in an all-stock deal.
|BHP||BHP GROUP LTD.||54.13||-2.05||-3.65%|
In earnings, Sweden-based oat milk producer Oatly Group AB reported mixed quarterly results but forecast full-year revenue ahead of Wall Street estimates.
|OTLY||OATLY GROUP AB||3.64||+0.18||+5.20%|
Walmart Inc., Target Corp. and Home Depot Inc. are among the other companies set to release their quarterly results this week.
|HD||THE HOME DEPOT INC.||279.08||+4.81||+1.75%|
In commodities, West Texas Intermediate crude oil declined $1.15 to $67.29 a barrel and gold edged up $11.70 to $1,786.90 an ounce.
Overseas markets were broadly lower.
European bourses were weaker across the board with Britain’s FTSE 100 losing 0.9%, France’s CAC 40 falling 0.83% and Germany’s DAX 30 dropping 0.32%.
In Asia, Japan’s Nikkei 225 and Hong Kong’s Hang Seng index slid 1.62% and 0.8%, respectively, while China’s Shanghai Composite ticked up 0.03%.