S&P 500, Dow industrials close at records

The S&P 500 and Dow Jones Industrial Average ended Monday at new records, fueled by continued hopes that the Federal Reserve won’t be in a rush to raise interest rates.

The S&P 500 SPX, +0.38%  gained 7.9 points, or 0.4%, to 2,078.55, closing at a record for the 50th time this year. This is the highest number of record closes in a year since 1995. Gains in technology and telecom stocks outweighed sharp losses in energy and health-care companies.