Industrials lead Dow to record high; tech boosts S&P, Nasdaq

The Dow Jones Industrial Average rose 251.22 points, or 0.95 percent, to 26,656.98, the S&P 500 gained 22.8 points, or 0.78 percent, to 2,930.75 and the Nasdaq Composite added 78.19 points, or 0.98 percent, to 8,028.23.

All three major US indexes closed higher as trade worries subsided. Technology companies led the Nasdaq higher, along with the S&P 500, which also hit a new closing high.

Microsoft Corp and Apple Inc rose 1.7 percent and 0.8 percent, respectively. The companies headed up the tech sector's 1.2 percent gain.

The market took the ongoing trade dispute in stride, and was further boosted as the dollar index fell to its lowest in more than ten weeks. A weaker dollar supports US exports.

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