Dow, S&P 500 in record territory
Week starts off on high note
According to USA Today, the Dow Jones Industrial average jumped to a new all-time high and the S&P 500 topped its record closing high.
The Dow rose 0.6% and hit a new intraday high of 16,695.18, beating its previous intraday record high of 16,631.63 on April 4. The Dow hit a record closing high of 16,583.34 on Friday.
The Standard & Poor's 500 index gained 0.7% and rose above its record closing high of 1,890.90. The broad-based index rose as high as 1,894.78, inching closer to its next major milestone of 1900.