U.S. Stocks Down Despite Surge in Energy Sector

From the Wall Street Journal: U.S. stocks slipped Monday as declines in health-care shares offset gains in energy stocks.

The pullback came in a relatively light day of trading after a strong July jobs reporthelped lift the S&P 500 and the Nasdaq Composite to all-time highs The Organization of the Petroleum Exporting Countriesat the end of last week.

Roughly 5.8 billion shares changed hands Monday, making it the seventh-lowest volume day of the year so far.

Many investors are trying to figure out how to square the job additions with other more disappointing indicators, including U.S. gross-domestic-product growth, said Kenny Polcari, director of equities at O’Neil Securities.

“What’s the important number, this one [jobs] report or this slew of other macro data that continues to be weak?” he said. “The market today is just trying to figure it out.”

To read more click here.