Strong economy, earnings bets propel S&P 500 to record high

July 11, 2016 8:28 PM

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

Led by sectors seen thriving in an expanding economy, the benchmark .SPX closed at a record 2,137.16 points, overtaking the previous high of 2,130.82 hit on May 21, 2015.

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