New York - 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 $32-billion deal to buy British chip designer ARM Holdings

lifted U.S. 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... Read More: VIN