(CNBC) — U.S. equities kicked off the second half of the year on the right foot, closing mostly higher on Monday as bank stocks climbed.
The Dow Jones industrial average notched a record high before closing about 130 points higher, with Goldman Sachs contributing the most gains. The S&P 500 rose 0.23 percent, with financials and energy leading advancers. The Nasdaq composite lagged, trading 0.5 percent lower.
“You’re still seeing money coming out of tech and into financials,” said Marc Chaikin, CEO of Chaikin Analytics. “The rally in financials has real legs.”
