Wall Street flat; fear barometer falls to 1993 low

Wall Street Market Update

The S&P 500 ended flat on Monday after briefly touching a record high, while Wall Street's "fear gauge" dropped to its lowest in over two decades following centrist Emmanuel Macron's victory in the French presidential election.

The CBOE Volatility index dropped 7.6 percent to 9.77, its lowest since 1993 as investors took comfort from Macron's victory, as well as from strong quarterly reports in recent weeks.

The Dow Jones Industrial Average edged up 0.03 percent to end at 21,012.28 points and the S&P 500 gained 0.08 points, less than a hundredth of a percent, to end at 2,399.37. It briefly touched a record high of 2,399.94.

The Nasdaq Composite added 0.03 percent to 6,102.66.

The S&P 500 posted 44 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 116 new highs and 58 new lows.

About 6.3 billion shares changed hands in US exchanges, below the 6.6 billion daily average over the last 20 sessions.

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