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Stocks eased off their worst levels to end mostly flat in another thin session Monday, but still remained around four-year highs, lifted by gains in techs.
The Dow Jones Industrial Average slid 3.56 points, or 0.03 percent, to finish at 13,271.64, led by AmEx . The blue-chip index traded in a narrow 46-point range.
The S&P 500 and the Nasdaq both lost less than a point to close at 1,418.13 and 3,076.21, respectively. The CBOE Volatility Index, widely considered the best gauge of fear in the market, gained near 14.
Among key S&P sectors, consumer discretionary and telecoms dragged, while techs gained.
“If there is a reversal [in the recent rally], it won’t happen on much and it will be a big move so I’d be playing very defensive right now,” Matt Cheslock of Virtu Financial told CNBC’s “ Power Lunch .” “ETFs are a good way to spread your risk across many asset bases.”
Trading volume has been razor-thin in recent weeks due to the summer holiday season, little economic data, and lack of meaningful news from Europe.
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