The S&P 500 ended the session essentially flat Monday just shy of a record high as investors sat on the sidelines amid a lack of market-moving catalysts.
The Dow slipped nearly four-tenths of a percent while the Nasdaq added a half percent.
Bokeh Capital Partners Chief Investment Officer, Kim Forrest:
“We are rolling up to the beginning of yet another earnings, you know earnings season, so I think we're going to kind of be dead in the water until then. We're just gonna chop around here.”
Shares of the multinational tech titans were mixed after the G7 economies agreed to back a global minimum corporate tax rate of at least 15%. Shares of Amazon dipped and Apple was flat while Facebook and Alphabet rose.
Biogen was the biggest gainer on the S&P, catapulting 38% higher. The Food and Drug Administration approved its drug as the first treatment to attack a likely cause of Alzheimers disease.
And small cap stocks including meme stocks continued to attract outsized investor attention. AMC Entertainment gained almost 15%, and video game retailer GameStop jumped more than 12%.