S&P 500 barely clings to gains for another record closing high

The grind higher continues with fresh record closing highs for major indexes.

The S&P 500 inched up 0.1% but finished well off its highs of the day. The Nasdaq 100 gained 0.5%, while the Russell 2000, which had been the best performer early in the session, ended down 0.4%.

Communications services was the best-performing S&P 500 sector ETF, while energy was the worst.

Robust earnings, revenues, and improved guidance sent shares of Verizon 4% higher.

Block gained 7% after an announcement Friday after the close that it was being added to the S&P 500.

Opendoor had a ridiculous session, soaring nearly 120% at its peak in a clear gamma squeeze before being halted for volatility to the downside and finishing up 43%. More money changed hands on Monday trading Opendoor, a $2.3 billion company, than Meta, a $1.8 trillion company.

Trump Media rose 3% but finished well off its highs after announcing that it had boosted its crypto asset holdings by $2 billion. Elsewhere in crypto, Dynamix Corp. surged after announcing plans to merge with The Ether Company in a SPAC deal.

Stellantis managed to edge higher despite releasing a preliminary report suggesting first-half losses of $2.7 billion, in part due to tariffs boosting costs.

Domino’s dipped after reporting lower quarterly earnings than analysts had anticipated.

Sarepta slumped after saying it would continue selling its gene treatment despite the FDA’s request that it be pulled off the market.

Shares of Ryanair soared after net income crushed estimates, with the airline also reportedly considering boosting the bonus it pays to staff for catching oversized luggage.