Dow Hits Record High While Tech Retreats<br />The Dow Jones Industrial Average rose 0.28 percent to end at 21,891.12 points and the S&P 500 lost 0.07 percent to 2,470.3.<br />Randy Frederick said that The bull market is sort of broadening out<br />and people are taking a few profits off the table on some of these stocks that have done exceedingly well,<br />Dennis Dick said that The market in the last week has become jittery,<br />In July, the S&P 500 rose 1.9 percent, the Dow added 2.5 percent and the Nasdaq gained 3.4 percent.<br />The market reacted little to news that U. S. President Donald Trump’s communications director, Anthony Scaramucci, was<br />leaving the job after little over a week, the latest staff upheaval to hit the Republican’s six-month-old presidency.<br />S&P 500 earnings are expected on average to have grown 10.8 percent in the second quarter, according to Thomson Reuters I/B/E/S.<br />Position of the Dow Jones industrial average at 1-minute intervals on Monday.<br />"Money managers are looking to take profits and for any excuse to do so."
