Stocks closed broadly higher on Wall Street Monday as the economy showed more signs that it’s continuing to recover.
The S&P 500 rose 1.4% to another record high. The gains came after the government reported last week that employers went on a hiring spree in March, adding 916,000 jobs, the most since August. Investors had a delayed reaction to the encouraging jobs reports, which was released on Friday when stock trading was closed. The services sector also showed strong growth in March.
Tesla surprised investors with a report that vehicle deliveries doubled during the first quarter. Crude oil prices fell.
The S&P 500 rose 58.04 points, or 1.4%, to 4,077.91.
The Dow Jones Industrial Average rose 373.98 points, or 1.1%, to 33,527.19.
The Nasdaq rose 225.49 points, or 1.7%, to 13,705.59.
The Russell 2000 index of smaller companies rose 10.98 points, or 0.5% to 2,264.89.
For the year:
The S&P 500 is up 321.84 points, or 8.6%.
The Dow is up 2,920.71 points, or 9.5%.
The Nasdaq is up 817.31 points, or 6.3%.
The Russell 2000 is up 290.03 points, or 14.7%.