U.S. stocks rallied to the cusp of their records.
The S&P 500 climbed 1.1 percent Monday and pulled within 0.3 percent of its all-time high set earlier this month. The Dow Jones Industrial Average jumped 515 points, and the Nasdaq composite gained 1.4 percent.
Apple helped lead the way amid optimism about demand for its latest iPhone design. Amazon’s stock held up despite a widespread outage for its cloud computing service that disrupted the internet around the world. This week will feature a raft of big names reporting their latest quarterly results, including Coca-Cola, Tesla, and Procter & Gamble.
On Monday:
The S&P 500 rose 71.12 points, or 1.1 percent, to 6,735.13.
The Dow Jones Industrial Average rose 515.97 points, or 1.1 percent, to 46,706.58.
The Nasdaq composite rose 310.57 points, or 1.4 percent, to 22,990.54.
The Russell 2000 index of smaller companies rose 47.73 points, or 1.9 percent, to 2,499.91.
For the year:
The S&P 500 is up 853.50 points, or 14.5 percent.
The Dow is up 4,162.36 points, or 9.8 percent.
The Nasdaq is up 3,679.75 points, or 19.1 percent.
The Russell 2000 is up 269.75 points, or 12.1 percent.
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