Economic news

Wall Street closed mixed on Monday

Major U.S. stock indexes mostly declined on Monday after scaling intraday record highs. However, early rally in retail shares largely run out of steam.

The S&P 500 slipped to 2,601.42 while the Nasdaq Composite Index dipped 0.2%, to finish at 6,878.52. But the Dow Jones Industrial Average inched up 0.1%, to close at 23,580.78.

The retail sector attracted the most attention of investors, as the holiday shopping season continues. According to Adobe's forecasts, online sales in Cyber Monday would set a new record.


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