US STOCKS-Wall St edges lower as energy sector weighs
* U.S. crude falls below $40/barrel for first time since mid-April
* SolarCity down after Tesla says to buy the company
* Exxon and Chevron biggest drags on S&P and Dow
* Dow down 0.15 pct, S&P down 0.13 pct, Nasdaq up 0.43 pct (Updates to late afternoon; changes byline)
By Chuck Mikolajczak
Aug 1 (Reuters) - The S&P 500 and the Dow closed slightly lower on Monday, as a drop in oil prices dragged down energy stocks, while tech names Apple and Alphabet helped lift the Nasdaq to its highest close in over a year.
The S&P 500 had hit a record high earlier in the session, but was unable to hold gains as U.S. crude slumped to below $40 a barrel, its lowest level since April, before settling at $40.06.
"Oil has once again re-emerged as a real driver of how investors are gauging the trend for equities," said Peter Kenny, senior market strategist at Global Markets Advisory Group in New York.
"Now we are beginning to see the glut narrative have an impact on oil and have an impact on equities." Continuación...