Skidding oil prices pull down S&P from record high

The S&P 500 and the Dow fell in early afternoon trading on Monday, dragged down by energy stocks as oil prices fell, while the Nasdaq was led higher by Apple and Alphabet. The S&P, which had earlier hit a fresh intraday all-time high, has been on a record-setting rally - helped by largely positive data and strong earnings. The S&P gained 3.6 percent in July - its best month since March - lifting its valuation well above historical levels.