Dow Jones, S&P hit record highs

US stocks reached new altitudes on Monday as the industrial averages of Dow Jones and S&P 500 extended their record highs, ticking above 16,000 and 1,800 respectively. The industrial average of Nasdaq Composite dropped 6.857 points (0.17%), to 3,979.111. The S&P earlier hit 1,802.33 and the Dow 16,030.28, their highest levels ever.