Wall Street closed slightly higher on Monday to mint new record highs for the S&P 500 and the Dow industrials, fueled by Bank of America's better-than-expected profit and a major tech sector acquisition.
SoftBank's USD 32-billion deal to buy British chip designer ARM Holdings lifted US chip stocks, and the technology sector led the way higher on the S&P 500.
The tech-heavy Nasdaq rose more than the S&P and the Dow. Bank of America's earnings report continued the momentum for US banks, kicked off by JPMorgan last week.
The bank's shares rose 3.3 percent to USD 14.11, helping the S&P financial index .SPSY gain 0.4 percent.
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SoftBank's USD 32-billion deal to buy British chip designer ARM Holdings lifted US chip stocks, and the technology sector led the way higher on the S&P 500. 
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