S&P 500 Closes at Record High
Dow, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Jul 11, 2016 3:11 PM CDT
In this Monday, June 27, 2016, file photo, trader Jeffrey Lucchesi works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

(Newser) – The Standard & Poor's 500 index closed at a record high, beating the mark it set last year, the AP reports. It's been more than a year since the benchmark index hit a record high. Its gain on Monday was enough to beat the peak it set in May of last year. The Dow Jones industrial average is just shy of its own record reached in that same month, but the Nasdaq composite index would need to rise 5% to regain the peak it reached last July. The Dow gained 80 points, or 0.4%, to 18,226. The S&P 500 added 7 points, or 0.3%, to 2,137. The Nasdaq rose 31 points, or 0.6%, to 4,988.