Stocks tick further into record heights on Wall Street

By DAMIAN J. TROISE and STAN CHOE
AP Business Writers

NEW YORK (AP) — Wall Street is ticking further into record heights on Monday, as a better-than-expected profit reporting season gets into higher gear. The S&P 500 was 0.5% higher in afternoon trading, surpassing its record set on Thursday. Tesla jumped to the biggest gain in the S&P 500 after Hertz said it will buy 100,000 Model 3 vehicles for its fleet. Stocks broadly have been pushing higher recently as companies turn in much stronger profit reports for the summer than analysts expected. With roughly one in four S&P 500 companies having reported, more are topping expectations than usual, and by a wider margin.