S&P 500, Dow hit record highs on 1st trading day of 2022 By Reuters

S&P 500, Dow hit record highs on 1st trading day of 2022 By Reuters
S&P 500, Dow hit record highs on 1st trading day of 2022 © Reuters. FILE PHOTO: The Wall St. sign is seen outside the New York Stock Exchange (NYSE) in New York, U.S., December 17, 2019. REUTERS/Brendan McDermid

By Caroline Valetkevitch

NEW YORK (Reuters) – The and posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla (NASDAQ:) Inc and bank shares.

Apple Inc (NASDAQ:) became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.

Tesla’s shares jumped 13.5% after the electric car maker’s quarterly deliveries beat analysts’ estimates, riding out global chip shortages as it ramped up production in China.

The two stocks gave the biggest boosts to the S&P 500, but…

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