Banks, industrials lift Dow; Tech mega-caps drag Nasdaq lower
- Stocks sensitive to economy outperform the market
- U.S. core capital goods orders, shipments rise in Aug
- Indexes: Dow rises 0.34%, S&P down 0.29%, Nasdaq falls 0.72%
Sept 27 (Reuters) – The Nasdaq slipped on Monday as investors swapped technology heavyweights for stocks linked to economic growth amid increasing confidence in a recovery, helping the Dow mark small gains.
Banks (.SPXBK) rose 2.2%, tracking a rise in the U.S. 10-year Treasury yield , which briefly breached the 1.5% level.
The small-cap Russell 2000 (.RUT) was up 1.7%.
Investors moved into value and cyclical stocks from tech-heavy growth names after the…