US STOCKS-Strong economy, earnings bets propel S&P 500 to record high
* Nasdaq Composite at highest level this year
* Alphabet, Amazon, Microsoft give biggest boost to S&P
* S&P breaks both intraday and closing record highs
* Indexes up: Dow 0.44 pct, S&P 0.34 pct, Nasdaq 0.64 pct (Updates to close)
By Rodrigo Campos
NEW YORK, July 11 (Reuters) - The S&P 500 on Monday broke the record high it held for more than a year as upbeat economic data and low bond yields continued to funnel investors into U.S. equities.
Led by sectors seen thriving in an expanding economy, the benchmark closed at a record 2,137.16 points, overtaking the previous high of 2,130.82 hit on May 21, 2015.
However, the best performing S&P 500 sectors since the previous record have been defensive: utilities, telecoms and consumer staples, all with double-digit percentage gains.
This outperformance in high-yielding areas of the market underscores investor concerns over the economy's resilience in the face of global stagnation. Britain's decision last month to leave the European Union adds to the uncertainty. Continuación...