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Stock market today: Wall Street drifts around its records

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NEW YORK (AP) — U.S. stock indexes are drifting around their records. The S&P 500 rose 0.3% in early Monday trading, coming off its latest record-setting week. The Nasdaq composite was up 0.

NEW YORK — U.S. stock indexes are drifting around their records. The S&P 500 rose 0.3% in early Monday trading, coming off its latest record-setting week. The Nasdaq composite was up 0.5%, but the Dow Jones Industrial Average was pulling back by 112 points from its record. The muted movements followed relatively quiet trading in Europe, while the U.S. bond market will remain closed for the day because of a holiday.

The future for the S&P 500 gained 0.2% while that for the Dow Jones Industrial Average was 0.1% lower.Shares in mainland China jumped after China’s finance minister, Lan Foan, said Saturday that the government was considering additional ways to boost the economy. Lan didn’t give details of a major new stimulus plan.

The Shanghai Composite index rose 2.1% to 3,284.32 and the smaller market in Shenzhen gained 3%. Hong Kong’s Hang Seng index lost 0.8% to 21,092.87. Large-scale Chinese military exercises surrounding Taiwan and its outlying islands on Monday appeared to have scant impact on regional markets.

 

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