Dow, S&P 500 hit record highs as Nvidia rally offsets oil surge

US stocks advanced on Monday, with the S&P 500 and Nasdaq Composite reaching fresh record highs as gains in technology shares helped offset concerns about rising oil prices and renewed uncertainty surrounding US-Iran negotiations. The S&P 500 rose 0.27% to close at 7,600.03, while the Nasdaq Composite gained 0.43% to 27,087.37.