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S&P 500 hits record high on upbeat consumer spending, earnings optimism

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U.S. stocks were on course to open lower on Monday after hitting another closing high in the previous session, as investors awaited inflation data ...

REUTERS: The S&P 500 hit an all-time high for the first time since late September on Monday, buoyed by upbeat consumer spending data and a largely positive earnings that helped restore investors' faith in the decade-long bull run.

The benchmark index crossed its record high of 2,940.91 hit on Sept. 21, a day after hitting another closing record high.At 9:32 a.m. ET the Dow Jones Industrial Average was up 4.92 points, or 0.02 percent, at 26,548.25, the S&P 500 was up 1.36 points, or 0.05 percent, at 2,941.24 and the Nasdaq Composite was up 7.17 points, or 0.09 percent, at 8,153.57.

 

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