Dow, S&P Hit Record Close

Merry Christmas, Wall Street. On Monday, stocks in the Dow and S&P 500 climbed to an all-time high with the help of a new Chinese distribution deal with Apple announced on Sunday. The tech giant saw its highest gains in three months after the news, giving Wall Street a pre-holiday bump. The S&P technology sector index rose to be the top-performing of the sectors, and the final stock price was 1,827.99—a record high. The Dow Jones also closed with a record, hitting 16,294.61.