Closing Bell: Dow Posts Sixth Straight Record Close, Nasdaq Slips Amid Tech Declines

The Dow Jones Industrial Average ended Monday's trading session with another record close, its sixth straight higher session. The S&P 500 also scored new intraday records but closed lower. The Nasdaq was dragged down by tech stocks. On Tuesday, all eyes turn to Washington. The Federal Reserve will kick-off a two-day meeting of the Federal Open Market Committee. It's a near certainty that the Fed's policy-setting committee will lift interest rates for the first time since last December. The likelihood of a rate increase is over 97%, according to CME Group fed funds futures. Exxon Mobil's (XOM) - Get Report shares were up over 2% as oil prices jumped. Meanwhile, the oil giant's CEO, Rex Tillerson, is on the shortl list to be selected as secretary of state in President-elect Donald Trump's cabinet. And Lockheed Martin (LMT) - Get Report shares were down after President-elect Donald Trump tweeted that costs for the aerospace defense company's F-35 program were out of control."Billions of dollars can and will be saved on military (and other) purchases after January 20th," Trump tweeted Monday morning.