S&P hits record amid pandemic worries

A choppy day on Wall Street ended Monday with the S&P 500 and Dow Jones Industrial Average notching new highs after recovering from an early slide. Sectors traditionally considered lower risk, including utilities and companies that make food and personal goods also helped lift the market. Those gains outweighed a pullback in banks, energy stocks and a swath of retailers and travel sector companies. Despite the latest gains, there are signs that investors have turned cautious. The S&P 500 rose 11.71 points, or 0.3 percent, to 4,479.71. The Dow Jones Industrial Average gained 110.02 points, or 0.3 percent, to 35,625.40. The Nasdaq fell 29.14 points, or 0.2 percent, to 14,793.76. The Russell 2000 index of smaller companies dropped 19.69 points, or 0.9 percent, to 2,203.41.