Following the monster rally on Friday, which continued into the after-hours session, there was some mild profit-taking in Monday’s session. The after-hours buyers got stuffed on Sunday night’s open and did not have much of a shot to exit at the mark. In the regular session, the index did not come close to that level as the lunchtime rally fizzled out well shy.
Heading into the final fifteen minutes of the session, the bulls made yet another attempt to close above 3900 but were denied. The index drifted lower to end the session with a modest loss of 28.25 handles at 3883.
On a positive note, the index had its second-best month of the year, gaining 281.75 handles and is nearly 300 handles off a 22-month low of 3502.
UnitedHealth Group Inc. (NYSE: UNH) was the biggest gainer of the top components of the index. For the session, the issue posted a new all-time high ($558.10) and an all-time closing high by gaining $3.91 or 0.71% to close at $555.15.
That was nearly 2% better than the cash index’s decline of 0.72%.
Alphabet Inc. (NASDAQ: GOOG) was the biggest loser of the top components. For the session, the issue declined by $1.49 or 1.5% to close at $94.66.
PreMarket Prep Stock Of The Day: Wynn Resorts Ltd. (NASDAQ: WYNN)
Issue rallies after getting two positive catalysts. Read more on WYNN here.
