Dow, S&P 500 Close at Record Highs

Nasdaq also closes higher
By Newser Editors and Wire Services
Posted Sep 18, 2017 3:11 PM CDT
Dow, S&P 500 Close at Record Highs
Trader Michael Smyth works on the floor of the New York Stock Exchange, Thursday, Sept. 14, 2017.   (AP Photo/Richard Drew)

(Newser) – Banks and other financial companies led stocks modestly higher, extending the market's gains from last week, the AP reports. Industrials stocks also rose Monday, while retailers and other consumer-focused companies lagged the most. JPMorgan Chase rose 1.4%, while chipmaker Nvidia jumped 4.1%. Aerospace manufacturer Orbital ATK soared 20% after agreeing to be acquired by Northrop Grumman. The Dow Jones industrial average rose 63 points, or 0.3%, to 22,331. The Standard & Poor's 500 index climbed 3 points, or 0.1%, to 2,503. Both indexes closed at record highs. The Nasdaq composite increased 6 points, or 0.1%, to 6,454. (Read more stock market stories.)

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