The U.S. stock market added to its record as Wall Street closed out a second straight winning month.
The S&P 500 rose 0.5 percent Monday in its first trading after completing a stunning rebound from its springtime sell-off of roughly 20 percent. The Dow Jones Industrial Average added 0.6 percent, and the Nasdaq composite gained 0.5 percent.
Oracle helped lead the way after saying it’s off to a strong start in its fiscal year. Banks were also solid in their first trading after the Federal Reserve said they’re financially strong enough to survive a downturn in the economy. Treasury yields eased in the bond market.
On Monday:
The S&P 500 rose 31.88 points, or 0.5 percent, to 6,204.95.
The Dow Jones Industrial Average rose 275.50 points, or 0.6 percent, to 44,094.77.
The Nasdaq composite rose 96.27 points, or 0.5 percent, to 20,369.73.
The Russell 2000 index of smaller companies rose 2.51 points, or 0.1 percent, to 2,175.04.
For the year:
The S&P 500 is up 323.32 points, or 5.5 percent.
The Dow is up 1,550.55 points, or 3.6 percent.
The Nasdaq is up 1,058.94 points, or 5.5 percent.
The Russell 2000 is down 55.12 points, or 2.5 percent.
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