US STOCKS-Tech stocks power S&P to yet another record high

lunes 1 de agosto de 2016 11:45 GYT
 

* Oil prices fall 2.3 pct

* SolarCity down after Tesla says to buy the company

* Fleetmatics jumps after Verizon's $2.4 bln buyout offer

* Indexes up: Dow 0.16 pct, S&P 0.19 pct, Nasdaq 0.69 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal

Aug 1 (Reuters) - The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks.

The index has been on a record-breaking rally - helped by largely positive data and strong earnings - and hit an intraday high for the seventh time in July on Friday.

The S&P 500 gained 3.6 percent in July, lifting its valuation well above historical levels.

Oil prices fell about 2.3 percent due to an increase in OPEC production and U.S. oil rig additions. Exxon and Chevron were down 2.1 percent and 1.6 percent, respectively. The stocks were the biggest drags on the S&P and Dow.   Continuación...