Closing Bell: Goldman Sachs Backs Blue Apron; Nasdaq Reaches New Records

It was a mixed start to the week.
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It was a mixed start to the week with the Nasdaq reaching new records and the Dow Jones Industrial Average lower for its fifth day in six. General Electric Co. (GE) - Get Report extended Friday's selloff and was the worst performer on the Dow. Caterpillar Inc. (CAT) - Get Report moved higher after reporting a boost in global sales. The heavy machinery maker reported a 7% year-over-year increase in retail machine sales over a rolling three-month period ended June. The Asia-Pacific region saw the largest gains. Blue Apron Holdings Inc. (APRN) - Get Report rallied after Goldman Sachs initiated coverage with a price target of $11. Analysts see competition dying down in the long run as the budding meal-kit delivery industry begins to stabilize. Stanley Black & Decker Inc. (SWK) - Get Report fell even after bumping its full-year profit guidance higher. The power tools company also beat second-quarter earnings and sales estimates.