REUTERS: The S&P 500 and Dow Jones Industrial Average closed at a record highs on Monday, as investors eyed an economic recovery from the coronavirus and awaited cues from the Federal Reserve this week amid caution over rising borrowing costs.
Nine of the 11 major S&P sector indexes rose, led by utilities and real estate, each up more than 1per cent. The Dow Jones Industrial Average rose 0.53per cent to end at 32,953.46 points, while the S&P 500 gained 0.65per cent to 3,968.94. Tesla rose about 2per cent after the company dubbed Chief Executive Elon Musk"Technoking of Tesla" in a formal regulatory filing.
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