Bulls Fail to Hold Record Gains

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U.S. markets closed mostly lower to start the week despite Mondaymorning merger news and the preliminary passage of the tax bill after Friday’s closing bell. The Dow traded to an all-time intraday high of 24,534 but added just 0.2% on the pullback afterwards. The S&P 500 pushed a lifetime peak of 2,665 before giving back nearly 3 points, or 0.1%, into the closing bell.

The Russell 2000 reached a record high north of 1,559 shortly after the open but struggled holding its gains while finishing 0.8% lower. Meanwhile, the Nasdaq opened in positive territory but failed the 6,900 level by a point before spending the majority of the session underwater after dropping just over 1%.

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