S&P 500 Notches 28th Record High of the Year as Tech Rallies

Traders work on the floor of the New York Stock Exchange (NYSE) in New York.

Photographer: Michael Nagle/Bloomberg

US stocks hit another all-time closing high on Monday as tech stocks drove the market higher, reversing an early decline, while central bank speakers offered clues on the path of interest rates.

The S&P 500 Index closed 0.4% higher, its 28th all-time close this year. Meanwhile, the tech-heavy Nasdaq 100 Index gained 0.6%.