The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else

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S&P 500 and Nasdaq finish at all-time highs, Dow gains 0.49%; European markets also end higher

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The three major US stock indices in New York closed higher on the 6th (local time). The S&P 500 and Nasdaq indices both hit all-time highs.

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The Dow Jones index, composed of highly capitalized shares, remains just over 5% of its record level of closure reached on August 5th.

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US stocks strengthened again today. The Dow Jones Industrial Average, which includes shares of 30 leading US companies, gained 0.49 percent to 51,521.28 points. The broader S&P 500 index rose 0.58 percent to 7,818.93 points and the Nasdaq Composite index, which includes many companies from the advanced...