U.S. stocks briefly touched intraday records Monday, but succumbed to selling pressure to end lower as Wall Street caught its breath following Friday's record-setting rally fueled by a solid employment report. The Nasdaq Composite Index, S&P 500 index and Russel 1000 hit intraday records before pulling back. A sharp rise in crude-oil prices boosted energy companies' shares but didn't translate into sustained gains for the broader stock market, as health-care shares sold off. The Dow Jones Industrial Average fell 14 points, or less than 0.1%, to close at 18,529, the S&P 500 index finished down about 2 points, or 0.1%, at 2,180, while the tech-heavy Nasdaq Composite gave up roughly 8 points, or 0.2%, to end at 5,213. Exxon Mobil Corp. enjoyed a 1% climb as crude futures settled higher, while elsewhere in companies news, Wal-Mart Stores Inc. said it would buy start-up Jet.com.
Copyright © 2016 MarketWatch, Inc.
Continue Reading Below