The Closing Look

The Dow Jones Industrial Average, Nasdaq composite, S&P 500 all hit record highs on Monday. Monday was the first day of the shortened holiday week. The benchmark S&P 500 hit a fresh record high after energy prices rallied 2% on renewed optimism that OPEC would cut production. Apple ($AAPL) and IBM ($IBM) were two big leaders in the Dow and made up most of the Dow’s gain. Elsewhere, Tyson Foods ($TSN) plunged 14% after reporting earnings.

Gary’s Thoughts: OILS now moving out. Add that to list of groups that have popped off of Trump election. What happened to the Trump crash? Maybe later.