S&P 500 hits record high on strong economy, earnings bets

July 11, 2016 7:30 PM

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NEW YORK The S&P 500 broke a record high on Monday it held for more than a year, as a string of upbeat economic data alongside low bond yields continued to funnel investors into U.S. equities.

Led by gains in sectors seen thriving in an expanding economy, the benchmark .SPX touched a record intraday high of 2,143.16 points to overtake the previous high of 2,134.72, hit on May 20, 2015.

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