The Globe and Mail reports in its Tuesday edition that the S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns about the U.S. Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell. A Reuters dispatch to The Globe says the Toronto Stock Exchange also closed at a record high, with miners rising as gold hit yet another all-time peak. Stocks had opened lower on the news surrounding Mr. Powell. The Justice Department's threat of indictment, ostensibly focused on comments Mr. Powell made to Congress about a building renovation project, ramped up concerns about the Fed's independence. Mr. Powell called the move a "pretext" to gain more influence over interest rates that President Donald Trump has pressed to cut sharply since he took office in January, 2025. Shares of Walmart climbed 3 per cent, boosting to the S&P 500 and Nasdaq, where the retail giant moved its stock listing last month from the New York Stock Exchange. The S&P/TSX Composite Index ended up 261.77 points at 32,874.70, surpassing the record closing high on Friday. Gold hit a record above $4,600 an ounce.