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NEW YORK (AP) — The latest on developments in global financial markets (all times local):
4:00 p.m.
The Standard & Poor's 500 index closed at a record high, beating the mark it set last year.
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 percent to regain the peak it reached last July.
The Dow gained 80 points, or 0.4 percent, to 18,226.
The S&P 500 added 7 points, or 0.3 percent, to 2,137. The Nasdaq rose 31 points, or 0.6 percent, to 4,988.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.43 percent.
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11:45 a.m.
Stocks are moving higher on Wall Street, putting the S&P 500 index on track for a record high close.
Technology and industrial companies rose the most in midday trading Monday, while traditional safe-play stocks like utilities and phone companies fell.
Bond prices also fell as investors shifted money out of low-risk assets. Yields on U.S. Treasury notes rose.
Boeing rose 2 percent and chemical maker DuPont rose 1 percent, the biggest gains in the Dow Jones industrial average.
The Dow was up 114 points, or 0.6 percent, to 18,259.
The S&P 500 gained 10 points, or 0.5 percent, to 2,140. The Nasdaq composite rose 39 points, or 0.8 percent, to 4,995.
The yield on the 10-year Treasury note rose to 1.42 percent.
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9:35 a.m.
Stocks are opening higher on Wall Street, putting the S&P 500 index on track for a record high close.
Banks and technology stocks rose the most in early trading Monday, while traditional safe-play stocks like utilities, phone companies and consumer goods makers fell.
Bond prices also fell as investors shifted money out of low-risk assets. Yields on U.S. Treasury notes rose.
Boeing and JPMorgan Chase each rose 2 percent, the biggest gains in the Dow Jones industrial average.
The Dow was up 92 points, or 0.5 percent, to 18,240.
The S&P 500 gained 8 points, or 0.4 percent, to 2,138. The Nasdaq composite rose 32 points, or 0.7 percent, to 4,988.
The yield on the 10-year Treasury note rose to 1.40 percent.
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