People walk outside of the New York Stock Exchange.
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S&P 500 rises, Dow Jones Industrial Average falls 66 points
Record high for S&P 500
The S&P 500’s move into record territory came after more than a week of flirting with the milestone. “There has been a lot of good news seemingly validating” this move higher, said Andrew Slimmon, managing director at Morgan Stanley Investment Management. However, Slimmon added the market is currently “very vulnerable to some type of bad news,” citing the S&P 500’s narrow leadership on toward the record high.
Amazon leads rest of FAANGM higher
What happens next?
The minutes from the Federal Reserve’s meeting in July are set for release on Wednesday.
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