(CNBC) — The S&P 500 and the Nasdaq composite notched new all-time highs on Monday despite a narrow trading range as investors digested Emmanuel Macron’s victory over Marine Le Pen in the French presidential election.
The two indexes broke above their respective record intraday highs shortly after the open before trading about 0.1 percent lower. The Dow Jones industrial average also traded marginally lower, with Goldman Sachs contributing the most losses.
“It’s a case that everyone had priced in, but people were still scared about another Brexit,” said Chris Gaffney, president of EverBank World Markets.
