US markets mixed, paring earlier strong gains that were fueled by investors cheering the weekend passage of the Senate version of a sweeping overhaul of the U.S. tax code - Dow up +59-points or +0.24%, logging a record closing high despite paring an earlier triple-digit gain. The broader S&P500 slipped -0.11%, as weakness in technology names outstripped the strength in the financials sector (up +1.6% and hitting a 10-year high, with JPMorgan up +2.06%, Citigroup +2.11%). The index earlier touched a record intra-day (2,665.19 or up ~0.9%). The technology-centric NASDAQ lagged with a -1.05% fall (Facebook -2.1%, Amazon down -2.4%, Apple -0.7%, Alphabet -1.3% and Netflix -1.5%) as investors rotate money into other areas perceived to be bigger beneficiaries of any tax reform. In stock specific news, The Wall Street Journal reported that a deal by Disney to buy some of 21st Century Fox's assets is "gaining momentum," despite speculation that the conversation between the two parties had cooled off. President Trump had earlier tweeted that "With the great vote on Cutting Taxes, this could be a big day for the Stock Market - and YOU!" but this proved to be an underwhelming prediction.
