* Indexes up: Dow 0.15%, S&P 0.47%, Nasdaq 0.80% (Adds comment, details; updates prices to early afternoon).

Oct 25 (Reuters) - The S&P 500 hit a record high on Monday, led by Tesla and Paypal, while industrial bellwethers Caterpillar and 3M lifted the Dow to a new peak in the run-up to quarterly reports from big U.S.

Tesla provided the biggest boost to the S&P 500 and the Nasdaq, followed by PayPal Inc, which added 4.1% after the payments company scrapped its plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion.

All the 11 major S&P sectors advanced, with energy and consumer discretionary shares rising the most.

Analysts expect profit at S&P 500 companies to grow 34.8% year-on-year for the third quarter, according to Refinitiv data.

ET, the Dow Jones Industrial Average was up 54.75 points, or 0.15%, at 35,731.77, the S&P 500 was up 21.28 points, or 0.47%, at 4,566.18, and the Nasdaq Composite was up 120.79 points, or 0.80%, at 15,210.99

The S&P index recorded 74 new 52-week highs and two new lows, while the Nasdaq recorded 135 new highs and 75 new lows