The Dow closed at a record on Monday, but weakness in large-capitalization tech and internet names pressured the Nasdaq and limited the S&P 500’s advance. The Dow Jones Industrial Average
rose 61 points, or 0.3%, to 21,891. The S&P 500
slipped 1.7 point to 2,470, a decline of less than 0.1%. The Nasdaq Composite Index
fell 0.4%, or 26.5 points, to 6,348. Despite the tepid moves on the day, all three closed out July with strong monthly gains. The Dow gained 2.6% over the month while the S&P was up 2%; both have risen for four straight months. The Nasdaq rose 3.4% over July. All three indexes have risen in eight of the past nine months. Among the biggest decliners on Monday were Facebook Inc.
which lost 1.8%, Amazon.com
down 3.2%, and Google parent Alphabet
which was down 1.3%.