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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

US close: Dow Jones retreats from record highs

(Sharecast News) - Wall Street stocks turned in a mixed performance on Monday after the Dow Jones closed above the 40,000-point watermark for the first time in history. At the close, the Dow Jones Industrial Average was down 0.49% at 39,806.77, while the S&P 500 advanced 0.09% to 5,308.13, and the Nasdaq Composite saw out the session 0.65% firmer at 16,794.87.

The Dow closed 196.82 points lower on Monday, knocking the blue-chip index back below the psychologically important 40,000-point level.

Investors will be keyed on a number of artificial intelligence players this week, with Microsoft kicking off its three-day Build event on Tuesday and Nvidia publishing its Q1 earnings on Wednesday.

Also in the corporate space, Palo Alto Networks, AutoZone, Target, Ralph Lauren, and Intuit will all report earnings throughout the course of the week.

On the macro front this week, minutes from the Federal Reserve's latest policy meeting were due on Wednesday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Caterpillar Inc. (CAT) $362.75 1.82% Microsoft Corp. (MSFT) $425.34 1.22% Boeing Co. (BA) $186.61 0.90% Intel Corp. (INTC) $32.10 0.85% Amgen Inc. (AMGN) $314.54 0.66% Apple Inc. (AAPL) $191.04 0.62% International Business Machines Corporation (CDI) (IBM) $169.84 0.53% Salesforce.Com Inc. (CRM) $287.07 0.51% Verizon Communications Inc. (VZ) $40.12 0.15% Dow Chemical Co. (DOW) $59.24 0.08%

Dow Jones - Fallers

JP Morgan Chase & Co. (JPM) $195.58 -4.50% Johnson & Johnson (JNJ) $151.27 -2.18% Cisco Systems Inc. (CSCO) $47.13 -2.16% Walgreens Boots Alliance, Inc. (WBA) $17.82 -1.98% Travelers Company Inc. (TRV) $215.60 -1.87% Home Depot Inc. (HD) $337.82 -1.86% McDonald's Corp. (MCD) $267.87 -1.66% Unitedhealth Group Inc. (UNH) $517.23 -1.41% Goldman Sachs Group Inc. (GS) $462.94 -1.02% Chevron Corp. (CVX) $161.14 -0.94%

S&P 500 - Risers

Norwegian Cruise Line Holdings Ltd (NCLH) $16.94 7.56% Carnival Corp. (CCL) $16.09 7.27% Royal Caribbean Cr (RCL) $147.70 4.07% Applied Materials Inc. (AMAT) $219.95 3.71% Foot Locker Inc. (FL) $22.71 3.65% KLA-Tencor Corp. (KLAC) $772.80 3.36% Lam Research Corp. (LRCX) $942.04 3.29% Hasbro Inc (HAS) $62.05 3.19% Netflix Inc. (NFLX) $640.82 3.18% CF Industries Holdings Inc. (CF) $78.56 3.07%

S&P 500 - Fallers

JP Morgan Chase & Co. (JPM) $195.58 -4.50% Hanesbrands Inc. (HBI) $4.84 -3.78% Chubb Corp. (CB) $264.14 -3.70% VF Corp. (VFC) $12.32 -3.45% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $386.50 -3.27% Dollar Tree Inc (DLTR) $113.48 -3.26% Dollar General Corp (DG) $137.83 -3.03% Prudential Fincl Inc. (PRU) $117.70 -2.98% Estee Lauder Co. Inc. (EL) $131.35 -2.68% Zions Bancorporation (ZION) $43.80 -2.58%

Nasdaq 100 - Risers

Applied Materials Inc. (AMAT) $219.95 3.71% KLA-Tencor Corp. (KLAC) $772.80 3.36% Lam Research Corp. (LRCX) $942.04 3.29% Hasbro Inc (HAS) $62.05 3.19% Netflix Inc. (NFLX) $640.82 3.18% Micron Technology Inc. (MU) $129.00 2.96% Nvidia Corp. (NVDA) $947.80 2.49% Microchip Technology Inc. (MCHP) $96.46 2.26% Mercadolibre Inc. (MELI) $1,787.73 2.20% Texas Instruments Inc (TXN) $199.20 2.14%

Nasdaq 100 - Fallers

Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $386.50 -3.27% Dollar Tree Inc (DLTR) $113.48 -3.26% Idexx Laboratories Inc. (IDXX) $529.66 -2.54% Illumina Inc. (ILMN) $108.48 -2.33% Gen Digital Inc. (GEN) $24.47 -2.24% Cisco Systems Inc. (CSCO) $47.13 -2.16% Walgreens Boots Alliance, Inc. (WBA) $17.82 -1.98% O'Reilly Automotive Inc. (ORLY) $995.20 -1.67% Baidu Inc. (BIDU) $108.87 -1.55% Henry Schein Inc. (HSIC) $73.47 -1.51%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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