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S&P, Nasdaq end lower as Wall St sells the tax news

Reuters  |  NEW YORK 

NEW YORK (Reuters) - ended mixed on Monday, with banks and retailers surging and technology companies tanking as investors adjusted their portfolios in hopes of benefiting from expected corporate cuts.

The Dow Jones Industrial Average <.DJI> rose 58.46 points, or 0.24 percent, to 24,290.05, the S&P 500 <.SPX> lost 2.78 points, or 0.11 percent, to 2,639.44 and the Composite <.IXIC> dropped 72.22 points, or 1.05 percent, to 6,775.37.

The S&P closed at its session low after earlier hitting a record intraday high.

(Reporting by Noel Randewich; Editing by Nick Zieminski)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 02:42 IST