Wall Street mixed as S&P 500 on track for best August in 36 years

Topics Wall Street | S&P 500 | US economy


The S&P 500 hovered near record highs on Monday as bets on a rebound in economic activity due to prolonged central bank support put the index on course for its best August in more than three decades.   The Federal Reserve's commitment to tolerate inflation and keep interest rates low, positive developments in vaccines and treatments for Covid-19 and a momentum-driven rally in tech-focused stocks have helped the S&P 500 and Nasdaq hit consecutive all-time highs.

  The newly reshuffled Dow slipped, and was within 3.7%.

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