Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 15, 2019 at Wall Street in New York City.
JOHANNES EISELE | AFP | Getty Images
Dow falls 60 points, but S&P 500 hits a record
Mixed economic data
The U.S. Census reported a 36% surge in sales of newly built homes in July. However, the Conference Board’s consumer confidence index fell for a second straight month. Those mixed data sets come ahead of a key speech from Federal Reserve Chairman Jerome Powell later this week.
Salesforce, Amgen and Honeywell rise amid Dow shake-up
Salesforce shares rose 4% while Amgen and Honeywell were both up by at least 3% after it was announced the three companies will be added to the Dow later this month. The three stocks they will replace — Exxon Mobil, Pfizer and Raytheon Technologies dropped 3%, 1% and 1.5%, respectively. Apple, meanwhile, dropped 0.8% to snap a five-day winning streak. Shares of Facebook, Amazon and Microsoft were higher.
What happens next?
Data on weekly mortgage applications and durable goods orders are set for release Wednesday.
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