US open: Stocks mixed as Dow pulls back from record highs

(Sharecast News) - Wall Street trading got off to a mixed start on Monday after a strong week that saw the Dow Jones Industrial Average hit fresh record highs.

As of 1510 BST, the Dow Jones Industrial Average was down 0.28% at 52,754.28, while the S&P 500 advanced 0.40% to 7,513.10, and the Nasdaq Composite came out of the gate 0.91% firmer at 26,066.55.

The Dow opened 145.79 points lower on Monday, taking a bite out of solid gains recorded on Thursday ahead of the 4th of July holiday weekend.

Market participants continued to reassess recent AIdriven trades early on Monday morning, with Asia-Pacific markets delivering mixed performances, but American investors now looked set to turn their attention to minutes from the Federal Reserve's June meeting, the first under new chairman Kevin Warsh, due out on Wednesday.

On Monday's macro slate, US services activity expanded again in June, according to separate surveys from S&P Global and the Institute for Supply Management, though both pointed to only modest growth and lingering cost pressures.

S&P Global's services PMI rose to 51.2 from 50.7 in May, marking a third consecutive month of expansion. The firm said stabilising economic conditions helped lift new business at the fastest pace since February, supported by new project wins and demand linked to the FIFA World Cup. Domestic demand strengthened, but export orders fell for a seventh straight month amid uncertainty over tariffs and government policy.

The ISM's services PMI also pointed to continued growth, registering 54%, down slightly from 54.5% in May and extending the sector's expansion streak to 24 months. Its Business Activity Index slipped to 55.4%, while new orders eased to 55.1%, though respondents again cited new project wins and World Cuprelated demand.

No major corporate earnings were scheduled for release on Monday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Apple Inc. (AAPL) $309.43 3.53%

Caterpillar Inc. (CAT) $987.33 2.64%

Goldman Sachs Group Inc. (GS) $1,045.19 2.44%

International Business Machines Corporation (CDI) (IBM) $294.99 1.60%

Boeing Co. (BA) $230.04 1.58%

JP Morgan Chase & Co. (JPM) $336.43 0.88%

American Express Co. (AXP) $352.18 0.35%

Walmart Inc. (WMT) $0.00 0.00%

Dowdupont Inc. (DWDP) $0.00 0.00%

Walgreens Boots Alliance, Inc. (WBA) $0.00 0.00%

Dow Jones - Fallers

Visa Inc. (V) $349.52 -3.15%

Nike Inc. (NKE) $42.60 -3.03%

Johnson & Johnson (JNJ) $256.10 -2.56%

Home Depot Inc. (HD) $347.44 -2.09%

Merck & Co. Inc. (MRK) $126.18 -2.05%

Procter & Gamble Co. (PG) $147.80 -1.61%

Unitedhealth Group Inc. (UNH) $417.48 -1.60%

Walt Disney Co. (DIS) $97.37 -1.45%

McDonald's Corp. (MCD) $276.36 -1.27%

Cisco Systems Inc. (CSCO) $114.48 -1.22%

S&P 500 - Risers

Arista Networks Inc. (ANET) $172.01 6.97%

Nektar Therapeutics (NKTR) $69.71 6.93%

DENTSPLY Sirona Inc. (XRAY) $11.66 5.17%

Corning Inc. (GLW) $206.18 4.56%

Advanced Micro Devices Inc. (AMD) $560.59 4.55%

Eaton Corporation plc (ETN) $417.98 4.50%

Hewlett Packard Enterprise (HPE) $43.28 4.44%

Lincoln National Corp. (LNC) $38.39 4.07%

Apple Inc. (AAPL) $309.43 3.53%

Intuitive Surgical Inc. (ISRG) $421.95 3.38%

S&P 500 - Fallers

Coterra Energy Inc. (CTRA) $32.56 -8.62%

O'Reilly Automotive Inc. (ORLY) $84.44 -7.77%

Lam Research Corp. (LRCX) $363.83 -6.36%

Skyworks Solutions Inc. (SWKS) $63.70 -5.94%

KLA-Tencor Corp. (KLAC) $244.54 -5.35%

Advance Auto Parts (AAP) $57.31 -4.93%

Mattel Inc. (MAT) $13.07 -4.90%

Qorvo, Inc. (QRVO) $88.54 -4.88%

AutoZone Inc. (AZO) $2,977.43 -4.73%

Micron Technology Inc. (MU) $1,002.18 -4.46%

Nasdaq 100 - Risers

DENTSPLY Sirona Inc. (XRAY) $11.66 5.17%

Apple Inc. (AAPL) $309.43 3.53%

Intuitive Surgical Inc. (ISRG) $421.95 3.38%

Check Point Software Technologies Ltd. (CHKP) $139.31 2.93%

Take-Two Interactive Software Inc. (TTWO) $256.48 2.40%

Gilead Sciences Inc. (GILD) $128.27 2.36%

Broadcom Inc. (AVGO) $381.70 2.30%

Vertex Pharmaceuticals Inc. (VRTX) $512.52 2.26%

Cintas Corp. (CTAS) $179.09 2.14%

PACCAR Inc. (PCAR) $123.13 2.09%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

O'Reilly Automotive Inc. (ORLY) $84.44 -7.77%

Lam Research Corp. (LRCX) $363.83 -6.36%

Skyworks Solutions Inc. (SWKS) $63.70 -5.94%

KLA-Tencor Corp. (KLAC) $244.54 -5.35%

Tesla Inc (TSLA) $401.18 -4.46%

Micron Technology Inc. (MU) $1,002.18 -4.46%

Applied Materials Inc. (AMAT) $618.61 -4.43%

Seagate Technology Plc (STX) $873.93 -3.85%

Hasbro Inc (HAS) $79.07 -3.39%