Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024.
Angela Weiss | AFP | Getty Images
The Dow Jones Industrial Average closed at a record high on Monday as investors tried to move on from a steep sell-off earlier this month.
The 30-stock index closed up 65.44 points, or 0.16%, at 41,240.52. Earlier in the day, it climbed more than 200 points, or 0.6%, to set a new intraday record, then pulled back from that level. The S&P 500 slipped 0.32% to 5,616.84, while the Nasdaq Composite sank 0.85% to end the day at 17,725.76.
DJIA one-month chart
Traders also appeared to be rotating out of tech and into other areas of the market. The S&P 500 energy sector was up more than 1%, while tech fell 1%. Nvidia closed down 2.3% ahead of its earnings report due Wednesday afternoon, an event traders are harping on as key to the market and the artificial intelligence enthusiasm…
