A majority of stocks gained ground in the session, led by export stocks.
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The S&P 500 rose 5.15 points, or 0.2 percent, to 2,166.89. An attacker killed more than 70 people and injured scores when he drove a truck at high speed into a crowd watching Bastille Day fireworks in the French Riviera city of Nice late on Thursday.
Since the S&P 500 hit its prior record high on May 21, 2015, the benchmark index has risen 1.55 percent. The Nasdaq composite fell 18, or 0.3%, to 5,038.
Nine of the 10 major S&P indexes were lower.
Turkish stock prices, however, were down 7.4%. The bank analysts expect “more tactical upside ahead”. “There is a firmer footing to the global economy, and this isn’t enough to knock that narrative”, Peron said. The S&P 500 was down for the entire day but never by more than 0.4 percent. Japanese tech company SoftBank Group is buying Britain’s ARM Holdings for 24.3 billion pounds ($32 billion) in the first big acquisition announced since the United Kingdom voted to leave the European Union. SoftBank also owns Sprint. ARM’s US-listed shares soared $19.09 dollars (£14), or 40.6%, to 66.17 dollars (£50.20).
Shares in Microsoft were down 1.6%, but rose 3.5% in after-hours trading following better-than-expected results, helped by growth at its cloud computing division. It lost 3.11, or 0.1 percent, to 2,163.78.
CATCHING UP: Monday marked a flip of the leaderboard that investors have seen for much of the year.
The S&P 500 posted 23 new 52-week highs and 1 new low; the Nasdaq Composite recorded 70 new highs and 28 new lows. Telecom stocks, for example, are up almost 22 percent when the S&P 500 is up less than 2 percent.
ENERGY: The price of crude oil fell 22 cents, or 0.5%, to $45.03 per barrel. Brent crude fell $1.01 to $46.60 a barrel in London.
According to S&P Dow Jones Indices, Apple’s weight within the S&P 500 dropped from 4.03% (when its stock was at its all-time high) of the index to 2.9%.
Netflix slumped 12 percent to $87.18 after adding fewer customers than expected in the second quarter and cutting its growth forecast.
SAFETY TRADE: The usual spots where investors have run when feeling scared were up, but only modestly.
The U.S. Consumer Price Index for all urban consumers increased 0.2 percent in June on a seasonally adjusted basis, the Labor Department reported Friday. In a sign that risk-aversion is abating, the yield on the 10-year Treasury note jumped to 1.59% Monday, which is well above its recent low of 1.32% back on July 6.
Tons of the biggest US companies will report quarterly results this week. Analyst expectations are low, with stocks forecast to post their fifth consecutive quarter of lower year-over-year profits.
Many investors will be paying more attention to what companies have to say about upcoming earnings trends than how they did during the spring. It weighed the most on the Nasdaq and the S&P 500.
In South Korea, the Kospi index was up 0.6% in morning trade.
Stock gains in the year following these closes in 1935 and 1982 were 28% and 17% respectively, CitiFX said.
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Currency traders had the first chance to react to the attempted coup, which caught investors’ attention after most stock markets were closed late Friday, and the initial reaction was one of fear.
