S&P 500, Nasdaq hit record highs on tech boost

The S&P 500 and the Nasdaq hit record levels shortly after the open on Monday as tech-related growth stocks edged up, while investors awaited data on the health of a US labor market recovery and corporate earnings later in the week.

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The Dow Jones Industrial Average fell 5.7 points, or 0.02 per cent, at the open to 34428.1. The S&P 500 rose 4.2 points, or 0.10 per cent, at the open to 4284.9​, while the Nasdaq Composite rose 57.4 points, or 0.40 per cent, to 14417.811 at the opening bell.