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S&P 500 up, Nasdaq at record high as megacap tech stocks rise
The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year highs. Heavyweight tech stocks took the lead in early trading, with Nvidia rising 1.1%, hovering close to its record high hit in the previous session. Meta Platforms, Microsoft and Tesla all added more than 1%. Seven of the 11 S&P 500 sectors were trading higher, with communication services and utilities leading gains. Chip stocks were weak early on with the Philadelphia chips index down 0....
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