Stocks fluctuated in intraday trading on Monday after Wall Street posted its fifth consecutive week of gains.
The S&P 500 closed at a record high for the sixth straight session Friday, and the Nasdaq also set a record. The Dow moved into positive territory for the year.
Stocks got a boost last week from Federal Reserve Chairman Jerome Powell’s comments that the central bank would keep interest rates low even if inflation rises above its target levels.
According to Johns Hopkins, There are over 25.2 million cases of the coronavirus worldwide, with over 846,851 deaths.
The U.S. has surpassed 5.9 million cases with over 183,000 deaths.
Per the COVID-19 Tracking Project, there were 39,452 new cases reported Sunday, which is slightly up from the 43,000 reported on Wednesday. 737,701 new tests were reported. And 475 deaths were reported yesterday, which is down from the 1,014 deaths reported on Aug. 29 per the data collected by the Tracking Project.
The changes were “prompted” by Apple's 4-for-1 stock split, according to S&P Dow Jones Indices, since the split will reduce the Dow's tech-sector weighting.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, joined TheStreet to talk about the markets and what Cramer's investing club is watching ahead of the Labor Day holiday, besides Abbott, of course.