Dow extends its record run to third straight session

U.S. stocks ended mixed Monday, with the Dow Jones Industrial Average eclipsing previous day's closing record, as investors assessed the prospects of economic growth following Donald Trump's presidential election win.

The Dow Jones Industrial Average rose 21.03 points, or 0.11 percent, to 18,868.69. The S&P 500 edged down 0.25 point, or 0.01 percent, to 2,164.20. The Nasdaq Composite Index fell 18.72 points, or 0.36 percent, to 5,218.40.

U.S. stocks saw solid gains after U.S. Republican candidate Donald Trump won the country's presidential election last Tuesday. On Friday, the Dow notched its best weekly performance since December 2011 with a 5.4-percent weekly surge.

Analysts believed that the increased prospect of tax cuts and a generally pro-growth set of policies from Trump, aided and abetted by the Republican clean sweep of Congress, are bullish for the stock market.

Meanwhile, Trump's win puts into question the likelihood of a Federal Reserve rate hike.

"Investors were quite comfortable they understood the interest rate environment before the election, but will take a few months to find their way now," said Chris Low, chief economist at FTN Financial, on Monday.

Overseas, European equities increased broadly Monday. German benchmark DAX index at Frankfurt Stock Exchange added 0.24 percent, while British benchmark FTSE 100 Index climbed 0.34 percent.

In Asia, Tokyo shares closed higher Monday, with the Nikkei index ending at a roughly nine-and-a-half-month high on Japan's gross domestic product data for the third quarter. Enditem