The S&P 500 and the Nasdaq started a new week by closing at fresh record highs, but the Wall Street gains weren't equally distributed on Monday....
The Dow fell 150 points. The S&P 500 edged up 9 points. The Nasdaq jumped 140 points.
Hilary Kramer of Kramer Capital Research:
"Everyone's trying to go for a home run these days and at the same time is very the investor is very fickle today and keeps jumping from one stock to the next. And I'm not just referring to these meme stocks right now. Everyone is investing based on greed. And and then they get fearful real quick that they're going to miss out on something else. And and they're just there's just so much rotation."
Boeing was the big drag on the Dow. The aerospace giant was told by the U.S. Federal Aviation Administration that the planned Boeing 777X is not yet ready for a significant certification step. Shares of Boeing tumbled more than 3 percent.
But on the upside: Nvidia. The chip maker said it is partnering with Google Cloud to create what it called an innovation lab to help fast track the creation of smart cities, smart factories and other advanced 5G and artificial intelligence applications. The stock jumped 5 percent.
"F9" - the ninth installment in the "Fast and Furious" race-driving blockbuster series - drove in big numbers this past weekend. The preliminary box-office debut tally for "F9"is a strong $70 million and that's from North American theaters alone. That number sets the best start for a movie since the health crisis shut theaters more than a year ago. Theater chains see that as a win. AMC, a volatile stock in its own right, surged more than 7 percent. But Cinemark shares were down nearly 3 percent. IMAX lost more than 2 percent.