Stocks closed broadly higher on Wall Street Monday, sending the S&P 500 and the Nasdaq to record highs.
Financial companies powered the rally, which came ahead of the scheduled signing of a “Phase 1” trade deal between the U.S. and China on Wednesday. The gains came a day before major banks were set to kick off the latest earnings reporting season for U.S. companies.
The S&P 500 index rose 22.78 points, or 0.7%, to 3,288.13, a record.
The Dow Jones Industrial Average gained 83.28 points, or 0.3%, to 28,907.05.
The Nasdaq composite climbed 95.07 points, or 1%, to 9,273.93, a record.
The Russell 2000 index of smaller company stocks picked up 11.96 points, or 0.7%, to 1,669.61.
For the year:
The S&P 500 is up 57.35 points, or 1.8%.
The Dow is up 368.61 points, or 1.3%.
The Nasdaq is up 301.33 points, or 3.4%.
The Russell 2000 is up 1.14 points, or 0.1%.