U.S. stocks rose in the first session of 2022 and Apple briefly touched a $3 trillion market capitalization, which was enough to push the Dow Jones Industrial Average and S&P 500 to fresh record highs.

The S&P 500 added 30.38 points, or 0.6%, to 4796.56, closing at a new record after a year where it rose 27% and notched 70 record highs along the way. The Dow gained 246.76 points, or 0.7%, to 36585.06, also setting a new high.