All three major U.S. stock indices took a breather on Monday, after logging impressive gains to start the new year.
Last week, the S&P 500 rose to its highest closing price since December 2007, while the Dow Jones Industrial Average logged its biggest weekly point gain in more than a year.
“So far so good this year,” said Peter Jankovskis, co-chief investment officer at Oakbrook Investments LLC, according to WSJ. “The major story of the week was averting of at least the tax side of the ‘fiscal cliff,’ backed by economic data that, for the most part, has been better than expected. Fingers crossed, the quiet rise will continue, but there is still some potential for choppy water in the months ahead.”
On Monday, the choppy water appeared. The S&P 500 dipped more than 8 points to 1,457, while the Dow 80 points to 13,355.
Here’s a look at the notable movers in the blue chip index…
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