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STOCKS HIT ALL-TIME HIGHS: Here's what you need to know

Akin Oyedele   

STOCKS HIT ALL-TIME HIGHS: Here's what you need to know

tim cook

Reuters

Apple CEO Tim Cook

The three major US equity indexes rose to all-time highs early in Monday's trading session.

Shares of Goldman Sachs contributed the most to the Dow Jones Industrial Average. Apple, a component of the tech-heavy Nasdaq and the Dow, rose to a record high.

The S&P 500's market capitalization topped $20 trillion for the first time.

Here's the scoreboard:

  • Dow: 20,410.35, +140.98, (0.70%)
  • S&P 500: 2,328.12, +12.02, (0.52%)
  • Nasdaq: 5,762.89, +28.76, (0.50%)
  1. Allergan is buying fat-reduction biopharmaceutical company Zeltiq Aesthetics for $56.50 a share, or about $2.48 billion. Allergan buys other companies often.
  2. Restaurant Brands, which owns Burger King and Tim Hortons, reported a higher-than-expected quarterly profit. Sales at stores open for at least one year climbed while costs fell.
  3. Restaurant Brands is interested in buying Popeyes, according to Reuters. A deal would take Popeyes' Louisiana-style fried chicken and biscuits to a global market.
  4. Burlington Coat Factory no longer sells products from Ivanka Trump's brand online. As of Friday, the discount-retailer's website doesn't show a stock of Ivanka Trump accessories and clothing.

Additionally:

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The former Goldman Sachs executive running Trump's economic team is also playing a big role in the repeal of Obamacare

Staying close to home could be the smartest financial decision millennials make

A credit head at the world's biggest investor breaks down why investors are pouring into one of the riskiest markets

JPMorgan's head IPO banker on what to expect in 2017

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