More record highs for S&P 500, Dow on first day of 2022

Wall Street got 2022 off to a solid start with more record highs for the S&P 500 and the Dow Jones Industrial Average.

The S&P 500 rose 0.6% Monday, a day after closing out 2021 with big gains for the third year in a row. The Dow rose 0.7% and the Nasdaq rose 1.2%.

Apple briefly traded above $3 trillion before closing just below that level.

Technology companies and banks were among the biggest winners. Electric car maker Tesla rose sharply after reporting strong delivery numbers for 2021.

The yield on the 10-year Treasury note rose to 1.64%.