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2017.08.2121:10:00UTC+00Wall Street Mostly Higher as Tech Stocks Drop

The majority of U.S. equities finished higher on Monday, however, declines in tech and financials limited gains.

The Dow Jones industrial average climbed 0.13 percent to end at 21,703,75, as Home Depot contributed the most gains while Goldman Sachs with the most declines. The S&P 500 edged up 0.1 percent to 2,428.37, with information technology and financials being among the worst performers while real estate outperformed.

The Nasdaq composite fell 0.05 percent to 6,213.13. The index also recorded a three-day losing streak.

The S&P 500 energy index dropped 0.6 percent, leading sector losses in the S&P 500, after crude prices were down 2.0 percent.

Sporting good retailers took a hit following downgraded ratings from analysts on Nike, Foot Locker as well as other companies. Shares of Nike slipped 2.4 percent and Foot Locker tumbled 7.4 percent.

Nutritional supplement maker Herbalife jumped 9.8 percent after the company said it will buy back $600 million of shares after ending negotiations to be taken private.

Stocks have retreated from record peaks in August, as the three major indexes lost nearly one percent in the period. The market appears to be showing other indications of cracking.



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