Investing.com - Wall Street's market indexes were mixed on Monday, with the Dow Jones Industrial Average closing higher for its fifteenth consecutive day. Shares of Exxon Mobil Corporation (NYSE:XOM) and Pfizer Inc. (NYSE:PFE) accounted for most of the gains on the Dow today. Phone company equities also rallied.
The NASDAQ Composite and the S&P 500 retreated from earlier gains.
Overall, markets have gained 4.5% since the November election, as optimism over the expected policies of the Trump administration continues to grow.
The DJIA closed at 19796.43, an increase of 39.58 points, or 0.20% for the session.
The NASDAQ Composite was down to 5412.52, a decrease of 31.96 points, or 0.59% for the day.
The S&P 500 was also down for the day and closed at 2256.96, a decline of 0.11%, or 2.57 points.
Another massive movement in shares on Monday came from trading of Lockheed Martin Corporation (NYSE:LMT)., the defense contractor.
The maker of the F-35 fighter jet for the U.S. is several hundred million dollars over its budget, and over the weekend was criticized by President-elect Trump for these cost overruns.
Shares declined 2% on Monday for the defense firm.
Analysts expect an overall market pullback over the coming days, similar to what was seen on Nasdaq and the S&P 500 today. Then investors expect the traditional "Santa Rally" to kick in right before Christmas.