(CNBC) — U.S. equities closed mixed in choppy trade on Monday, the first day of the month, amid falling oil prices while investors digested economic data.
The Dow Jones industrial average traded 38 points lower in the afternoon, erasing earlier gains, with Chevron and ExxonMobil contributing the most losses. The blue-chips index was on track to post a six-day losing streak. The S&P 500 traded about 0.17 percent lower, with energy falling more than 3.5 percent. Earlier, the benchmark index hit a new all-time intraday high.
"You've almost got a tale of two markets," said Art Hogan, chief market strategist at Wunderlich Securities. "Part of that is getting used to the new normal in energy prices." "You've got tech names like Apple and biotech helping the Nasdaq."
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