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

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By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

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%, 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 rose 2.5%, closing just below a market capitalization of $3 trillion. 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%