Gains for some tech giants nudge S&P to another record high

Gains in several big-name tech companies including Apple helped nudge the S&P 500 to another record high Monday, even as other parts of the market faltered

Technology companies helped lift stocks higher on Wall Street, nudging the Standard & Poor’s 500 index to its third straight all-time high, even as other parts of the market faltered.

“Most of this is just positioning in front of the Fed later this week,” said Willie Delwiche, investment strategist at All Star Charts. Investors are “trying to get a sense of not just what the Fed is going to say in terms of announcements, but what they expect in terms of the path of monetary policy and the economy going forward.”The S&P 500 added 7.71 points to 4,255.15. The index has notched a weekly gain three weeks in a row. The Dow Jones industrial average fell 85.85 points, or 0.

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