Dow notches another record high, rising 170 points on reopening optimism; European stocks close mixed with Fed meeting in focus; Nokia up 3% 
The Dow and S&P 500 both hit new records on Monday as investors grew optimistic about the economic reopening from the pandemic. 
The Dow Jones Industrial Average rose 174.82 points, or 0.5%, to a record close of 32,953.46. Monday was its seventh positive trading session in a row, the longest winning streak since August. The S&P 500 added 0.65% to 3,968.94, a fresh all-time high and its fifth straight day of gains. The Nasdaq Composite gained 1.1% to 13,459.71. 
American Airlines and United Airlines shares rose 7.7% and 8.3%, respectively. Air travel over the weekend hit its highest level in more than a year as the Covid-19 vaccine rolls out and Americans return to vacationing. 
Apple shares closed higher by 2.5%, with most of the gain coming in afternoon trading. The gain cut its loss for the year to under 7%. 

The pan-European Stoxx 600 finished flat, paring earlier gains. Travel and leisure stocks jumped 2.3% while basic resources fell 1.4%. Major European bourses were pointing in opposite directions by the close. 
Near the top of the Stoxx 600, Finnish telecoms giant Nokia saw its shares rise 3% after partnering with Amazon, Microsoft and Google to create new cloud-based 5G radio offerings. 
Danone shares climbed 2.9% after Chairman and CEO Emmanuel Faber was ousted following pressure from activist investors. 
Stellantis gained 2% after Deutsche Bank started its coverage of the Peugeot-Fiat Chrysler merger with a “buy” rating. 
Source: CNBC