Markets Right Now: Tech gains send S&P 500 to another record


US stock indexes climbed again to record heights on Monday, led by technology companies. The Dow Jones Industrial Average lost 3 points to 21,466 today.

"Given the expectation that you'll see higher production levels in several areas of the world, it's going to offset all they're taking off the market", Gene McGillian, manager of market research at Tradition Energy, told Reuters.

Both oil benchmarks - US crude and Brent - are down more than 15 percent since late May, raising concerns that prices could fall further in the near-term.

Among stocks, Lennar rose 2.9 percent to $54.30 after the No. 2 US homebuilder reported a higher-than-expected quarterly profit.

BUILDING HIGHER: Homebuilder Lennar jumped $1.98, or 3.7 percent, to $54.72 after reporting stronger revenue and earnings for the latest quarter than analysts expected.

Cosby trial: Jury back deliberating after deadlock
His lawyer says Cosby and Andrea Constand were lovers sharing a consensual sexual encounter at his suburban Philadelphia home. The jury's foreman said, in a note to Judge Steven O'Neill, "we can not come to a unanimous consensus on any of the counts".

Stocks finished with broad losses a day after the Dow and S&P closed at fresh closing highs, with energy companies pressured as oil prices plunged in reaction to concerns about excess supply as well as a deteriorating technical picture.

CRUDE REVIVAL: Benchmark U.S. crude ticked up by 46 cents, or 1.1 percent, to $43.97 per barrel, a day after sinking to its lowest price of the year on continued speculation that supplies will overwhelm demand. The yield on the 10-year Treasury note sank to 2.15 percent from 2.19 percent late Monday.

In overseas markets, the French CAC 40 slipped 0.3 percent, the German DAX lost 0.6 percent and the FTSE 100 fell 0.7 percent.

The rare stock market signal not seen since 2013. Amazon's stock was about 1 percent higher.

Technology shares have led the rally in American markets this year as the financial sector faltered, having risen sharply after Donald Trump was elected last November amid promises of tax cuts and $1 trillion of infrastructure spending.

First female F1 team boss to leave Sauber
She subsequently remained with the company, heading its legal department before she was entrusted with a management role in 2001. understands former HRT team principal Colin Kolles is a candidate to replace Kaltenborn.

The S&P 500 is up 198.20 points, or 8.9 percent. The two-year yield climbed to 1.34 percent from 1.31 percent, and the 30-year yield ticked up to 2.78 from 2.77 percent.

Gold was up 0.3% at $1,247 an ounce, while the ICE Dollar Index fell 0.1%, its first loss in three sessions.

The Standard & Poor's 500 index rose 10 points, or 0.5 percent, to 2,444.

KEEPING SCORE: Japan's Nikkei 225 fell 0.2 percent to 20,183.90 and South Korea's Kospi fell 0.6 percent to 2,355.66.

Tech shares overall reacted little to reports that Uber CEO Travis Kalanick has stepped down from his post as chief executive officer (

Shiv Sena likely to announce its "final decision" on NDA's presidential nominee
Speaking to reporters in Patna , Janata Dal (United) leader Ratnesh Sada said , "We have chose to support Ram Nath Kovind ". The NDA, led by the BJP, has 5,37,683 votes and this is including the Shiv Sena.

Inflation has risen quickly after a drop in the value of the British pound - following the Brexit referendum one year ago - while signs of weakness in the economy are increasing, including a slowdown in wages growth.