S&P 500 nears record high in bright start to year

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(Reuters) – The S&P 500 opened near record levels on Monday as equity markets looked to extend a recovery from the pandemic shock into the new year, while shares in heavyweight Tesla jumped after the electric carmaker posted bumper delivery numbers.

© Reuters/BRENDAN MCDERMID FILE PHOTO: The Wall St. sign is seen outside the NYSE in New York

The Dow Jones Industrial Average fell 16.71 points, or 0.05%, at the open to 36,321.59. The S&P 500 opened higher by 11.96 points, or 0.25%, at 4,778.14, while the Nasdaq Composite gained 87.53 points, or 0.56%, to 15,732.50 at the opening bell.

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(Reporting by Shashank Nayar in Bengaluru; Editing by Maju Samuel)