The Dow Jones Industrial Average opened in record territory Monday but the broader market wobbled as investors continued to process a disappointing jobs report that was seen keeping the Federal Reserve from tightening policy. The Dow
DJIA,
+0.78%
gained 0.4% at 34,934, hitting an intraday record at 34,954.62, powered by gains in Goldman Sachs Group
GS,
+0.61%
and Boeing Co.
BA,
+0.51%.
The S&P 500 index
SPX,
-0.04%
was off by about 0.1% at 4,228, while the Nasdaq Composite Index
COMP,
-1.46%
was trading 1% lower at 13,622. Analysts said Friday's disappointing April jobs report, which saw U.S. nonfarm payrolls rise by 266,000 versus a consensus forecast for an increase of 1 million, continued to provide a positive backdrop for equities.