US close: Tech, banks drive S&P, Dow to record highs

US stocks closed slightly higher on Monday as technology stocks were boosted on the back of SoftBank's bid for the UK's ARM Holdings and gains were made in the banking sector.

The Dow Jones and S&P 500 both finished at record highs, while the Nasdaq was also up.

Apple, which uses ARM's microchips in its iconic iPhone, gained on the back of the £24bn bid, gaining 1.06%. Microsoft came along for the ride as did Cisco Systems.

Bank of America shares were up 3.29% despite after quarterly profits beat expectations. Wells Fargo were also up.

Hasbro shares fell like a stricken superhero despite reporting better-than-expected quarterly earnings.a The toy maker made a second quarter profit of $52.1m compared with $41.8m in 2015. Revenue increased 10% year-on-year to $878.9m.

Excluding a negative $17.7m impact from foreign exchange, second quarter revenues increased 12%.

Shares in Netflix plummeted 16% after the bell as second quarter earnings revealed a failure to hit subscriber targets by 500,000 customers. The fall was largely blamed on a price hike by the company.

Dow Jones - Risers

E.I. du Pont de Nemours and Co. (DD) $68.06 1.34%
Home Depot Inc. (HD) $136.34 1.16%
Apple Inc. (AAPL) $99.83 1.06%
Goldman Sachs Group Inc. (GS) $163.33 1.05%
Boeing Co. (BA) $133.43 0.79%
Microsoft Corp. (MSFT) $53.96 0.48%
Walt Disney Co. (DIS) $100.15 0.35%
American Express Co. (AXP) $63.99 0.33%
Cisco Systems Inc. (CSCO) $29.91 0.30%
Wal-Mart Stores Inc. (WMT) $73.84 0.23%

Dow Jones - Fallers

Caterpillar Inc. (CAT) $79.82 -1.09%
Travelers Company Inc. (TRV) $117.38 -1.06%
Merck & Co. Inc. (MRK) $59.02 -1.02%
Chevron Corp. (CVX) $106.09 -0.88%
Unitedhealth Group Inc. (UNH) $140.68 -0.41%
Pfizer Inc. (PFE) $36.64 -0.35%
JP Morgan Chase & Co. (JPM) $63.96 -0.34%
Exxon Mobil Corp. (XOM) $94.82 -0.32%
Nike Inc. (NKE) $57.74 -0.22%
3M Co. (MMM) $181.11 -0.16%

S&P 500 - Risers

GameStop Corp. (GME) $30.19 7.86%
Williams Companies Inc. (WMB) $24.57 4.82%
Wynn Resorts Ltd. (WYNN) $96.66 4.81%
Seagate Technology Plc (STX) $30.15 4.33%
Chesapeake Energy Corp. (CHK) $4.60 4.07%
Bank of America Corp. (BAC) $14.11 3.29%
Monsanto Co. (MON) $106.44 2.89%
Tenet Healthcare Corp. (THC) $30.65 2.71%
Gap Inc. (GPS) $23.88 2.67%
Coach Inc. (COH) $43.37 2.53%

S&P 500 - Fallers

Hasbro Inc (HAS) $79.82 -6.64%
J.B. Hunt Transport Services Inc. (JBHT) $81.27 -4.69%
Monster Beverage Corp (MNST) $155.54 -3.75%
Perrigo Company plc (PRGO) $92.33 -2.35%
Diamond Offshore Drilling Inc. (DO) $25.27 -2.21%
CBS Corp. (CBS) $54.69 -2.08%
H&R Block Inc. (HRB) $23.91 -1.48%
Apache Corp. (APA) $56.33 -1.38%
National Oilwell Varco Inc. (NOV) $33.28 -1.36%
United Rentals Inc. (URI) $69.18 -1.34%

Nasdaq 100 - Risers

Seagate Technology Plc (STX) $30.15 4.33%
JD.com, Inc. (JD) $22.14 3.41%
Liberty Media Corporation - Series C (LMCK) $20.58 2.75%
Liberty Global plc Series A (LBTYA) $32.11 2.72%
Tesla Motors Inc (TSLA) $226.25 2.65%
Liberty Media Corporation - Class A (LMCA) $20.61 2.64%
Nxp Semiconductors Nv (NXPI) $81.73 2.57%
Alphabet Inc. Class A (GOOGL) $753.20 2.39%
Liberty Global plc Series C (LBTYK) $31.27 2.19%
Facebook Inc. (FB) $119.37 2.15%

Nasdaq 100 - Fallers

Monster Beverage Corp (MNST) $155.54 -3.75%
Fastenal Co. (FAST) $42.98 -1.08%
Mattel Inc. (MAT) $32.63 -1.00%
Vertex Pharmaceuticals Inc. (VRTX) $89.42 -0.88%
Starbucks Corp. (SBUX) $56.92 -0.85%
Liberty Interactive Corporation QVC Group (QVCA) $26.53 -0.82%
Symantec Corp. (SYMC) $20.80 -0.67%
Vodafone Group Plc ADS (VOD) $30.49 -0.52%
Charter Communications Inc. (CHTR) $234.34 -0.27%
Paychex Inc. (PAYX) $60.76 -0.26%