Tech firms drive US stock indexes to new highs

Gains in technology companies helped lift US stock index higher on Monday, nudging the market once again into record territory.

The Standard and Poor (S&P)’s 500 index closed at an all-time high, as did the Dow Jones industrial average. The latest gain extended the Dow’s winning streak to 10 days.

Traders bid up shares in microchip makers and other technology companies. Grocery chains, drugstore operators and other consumer-focused companies also helped drive the market higher.

Energy companies declined the most along with the price of crude oil. Banks and industrial companies also lagged.