Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! Benchmarks closed lower on Monday as investors booked profits on the heels of a record-setting week. A massive post-election rally eased, with financials and consumer discretionary shares lagging significantly.

Oil prices, however, rose on expectations that OPEC may agree this week on a plan to curb crude output.

The Dow Jones Industrial Average DJI fell 0. The tech-laden Nasdaq Composite Index closed at 5, The Russell index, meantime, of small-cap shares snapped its longest winning streak in 20 years.

On Monday, the index declined 1. The fear-gauge CBOE Volatility Index VIX soared 5. A total of around 6. Trump Rally Eases Investors booked profits on Monday after a week-long rally that sent all three indexes to record highs. Indexes had closed higher as investors bet that President-elect Donald Trump's economic proposals could improve growth.

Investors had cheered his proposal to lower corporate taxes and increase infrastructure spending, while the broader market also benefitted from an exodus of cash from government bonds, real estates and gold. Last week, the blue-chip index shot up nearly points, pulling it up points since the election. Trump administration had agreed to raise the minimum asset threshold for banking behemoths, while views the Dodd-Frank regulatory overhaul as a harsh measure, especially, on smaller banks.

Major Laggards Financials and consumer discretionary shares were among the biggest decliners on Monday. The Financial Select Sector SPDR ETF XLF dropped 1. The Consumer Discretionary Select Sector SPDR XLY declined 0. Key stocks from the sector including Comcast Corporation CMCSA , Amazon. AMZN and NIKE, Inc. You can see the complete list of today's Zacks 1 Rank Strong Buy stocks here.

Oil Rises Investors kept an eye on rise in oil prices ahead of a key Organization of the Petroleum Exporting Countries OPEC meeting.

OPEC members are making a last-ditch effort to save the deal, while Saudi Arabia said it won't meet with Russia and other non-cartel members. WTI and Brent crude rose 2. EVHC announced that its merger deal with physician and ambulatory services provider, AmSurg Corp.

AMSG was approved by shareholders of both companies at separate special meetings held on Nov Read More UnitedHealth Keeps '16 Guidance, Issues '17 View; Stock Up At its recent investors' conference, UnitedHealth Group Inc. UNH reiterated its guidance that was provided with the third-quarter earnings release. Steve Reitmeister knows when key trades are about to be triggered and which of our experts has the hottest hand.

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