LIVE MARKETS-U.S. indexes hit records yet again
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U.S. INDEXES HIT RECORDS YET AGAIN
Wall Street's major indexes were advancing on Monday with Tesla TSLA.O and Alphabet GOOGL.O at the helm representing the S&P 500's biggest boosts on the day.
Google parent Alphabet hit a market capitalization of $3 trillion for the first time on Monday, riding on renewed optimism around artificial intelligence and a favorable antitrust ruling. The heavyweight stock was last up more 3%, putting the communications services index .SPLRCL, up 1.9%, into the top position among sector gainers on Monday.
Tesla shares jumped 5% after CEO Elon Musk disclosed his purchase of about $1 billion worth of the electric vehicle-maker's stock, in the latest vote of confidence from the billionaire in the company's future. It was the biggest gainer in the consumer discretionary sector .SPLRCD, which was up 1.4% and the benchmark's second biggest percentage gainer on the day.
Healthcare .SPXHC was the weakest sector on the day with CVS Health CVS.N leading losses there.
Among individual stocks the biggest drags on the S&P 500 were from heavyweight Nvidia NVDA.O even though it was down just 0.3%. The second biggest drag was from Eli Lilly LLY.N, off 1.5%.
With Federal Reserve rate cuts on the horizon, the S&P 500 hit an intraday record on Monday after having had hit record highs in three sessions last week.
The Nasdaq .IXIC also hit an intraday record on Monday, marking its 7th record high in a row. It also marked record closing highs in the last 6 sessions.
Here is your mid-session snapshot from 1:33 ET/1733 GMT
(Sinéad Carew)
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EARLIER ON LIVE MARKETS:
SPENDING SLOWDOWN HITS YOUNGER GENERATION CLICK HERE
BETS ARE ON FOR RATE CUTS BUT DOT PLOT MAY LAG CLICK HERE
AUTUMN IN NEW YORK: EMPIRE STATE FLIPS NEGATIVE CLICK HERE
WALL STREET SET TO OPEN FED WEEK HIGHER WITH TESLA RALLY CLICK HERE
EARNINGS EXPECTATIONS ARE STILL TOO STINGY - CLICK HERE
WHY MORE INSURANCE M&A COULD BE COMING - CLICK HERE
EQUITY POSITIONING OVERWEIGHT, BUT SENTIMENT STILL SHAKY- CLICK HERE
FINANCIALS AND DEFENCE LIFT THE STOXX - CLICK HERE
BEFORE THE BELL: FRENCH STOCKS SHRUG OFF FITCH - CLICK HERE
IT'S ALL ABOUT CENTRAL BANKS THIS WEEK - CLICK HERE
Nasdaq, S&P 500 hit records, Dow close to flat 
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