US equity indexes were mixed in midday trading on Monday as declining technology shares restrained the Nasdaq Composite.
The Nasdaq Composite fell 0.1% to 19,264.8. The S&P 500, however, traded 0.2% higher at 6,005.9, after hitting 6,017.31, a new intraday record high. The Dow Jones Industrial Average climbed 0.8% to 44,343.5, also touching a new all-time peak of 44,486.70 earlier in the session. Consumer discretionary and financials led the gainers intraday, while the technology and materials sector led the decliners.
Treasury markets were closed on Monday due to the Veterans Day holiday.
In company news, AbbVie (ABBV) shares slumped past 12% intraday, the worst performer on the S&P 500, after the company said its two phase 2 trials assessing emraclidine in adult patients with schizophrenia and acute exacerbation of psychotic symptoms failed to meet their primary goal.
Cigna Group (CI) said Monday it is not pursuing a combination with Humana (HUM), and it expects to communicate that to investors and analysts in meetings over the next several weeks. Shares of Cigna jumped 7.8% intraday, among the top performers on the S&P 500.
West Texas Intermediate crude oil slumped 3% to $68.24 a barrel.
Gold plunged 2.8% to $2,620.00 an ounce, and silver slumped 2.6% to $30.64 an ounce.
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