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The S&P 500 rose slightly Monday after excitement over last week’s interest rate cut propelled stocks to a record-high levels.
The Dow Jones Industrials poked up 9.19 points to 42,072.55, yet another record high.
The much-broader index gained 10.2 points to 5,712.75.
The NASDAQ Composite acquired 42.22 points to 17,990.54.
The moves come after a winning week on Wall Street that centered around the Federal Reserve’s decision to lower interest rates by 50 basis points, its first cut in four years. Despite some choppiness following the initial announcement, stocks rallied in the days following.
Prices for the 10-year Treasury eased back, lifting yields to 3.78% from Friday’s 3.74%. Treasury prices and yields move in opposite directions.
Oil prices regained 14 cents at $71.14 U.S. a barrel.
Gold prices inched forward $5.90 to $2,652.10 U.S. an ounce
