Abu dhabi: US stock indices hit new record highs at the close of trading on Monday, as global oil prices rose.

According to Emirates News Agency, the S and P 500 rose 0.1% to close at a record 7173.9, while the Nasdaq gained 0.2% to reach a fresh high of 24887 on Monday. The Dow Jones, however, fell 63 points.

Oil prices continued to climb, rising about 2%. Attention is also on upcoming monetary policy decisions from major central banks, including the Federal Reserve.

Among sectors, communication services, financials, and technology posted gains, while consumer staples lagged.