Banks led stocks to modest gains on Wall Street on Monday, nudging the major stock indexes to more record highs ahead of a busy week of corporate earnings reports from big U.S. companies.
Banks, communication stocks and companies that rely on consumer spending accounted for much of the S&P 500’s broad gains. A mix of companies selling household goods fell. Energy stocks also closed lower after a pullback in U.S. crude oil prices. Trading was muted overall, with a few stocks making big moves on little news.
The S&P 500 rose 15.08 points to 4,384.63. The Dow added 126.02 points, or 0.4%, to 34,996.18, while the Nasdaq gained 31.32 points, or 0.2%, to 14,733.24.
Source: News Formal (newsformal.com)
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