(CNBC) — U.S. stocks closed mixed on Monday, with and utilities lagging, as investors geared up for the start of earnings season and digested falling oil prices.
The Nasdaq composite advanced 0.19 percent and hit a new all-time high, as the iShares Nasdaq biotechnology ETF (IBB) and Apple advanced around 1 percent. Leading IBB higher was Ariad Pharmaceuticals, which spiked more than 75 percent after announcing it's being taken over by Takeda, a leading Japanese pharmaceutical company.
The Dow Jones industrial average fell about 70 points, with ExxonMobil and Chevron contributing the most losses. The S&P 500 slipped about 0.4 percent, with energy and utilities falling more than 1 percent. U.S. oil prices dropped 3.76 percent to settle at $51.96 per barrel, amid U.S. production worries.
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