U.S. stocks closed higher Monday as investors remained confident that stimulus measures from global central banks will help spur economic growth. Gains were led by the so-called consumer discretionary sector, which includes retailers like Coach, Urban Outfitters and Gap, ahead of the crucial holiday sales season. The Dow Jones industrial average and the Standard & Poor’s 500 index edged further into record territory.
Monday:
The Dow climbed 7.84 points, or 0.3 per cent, to 17,817.90.
The S&P 500 index added 5.91 points, or 0.3 per cent, to 2,069.41.
The Nasdaq composite rose 41.92 points, or 0.9 per cent, to 4,754.89.
For the year:
The Dow is up 1,241.24 points, or 7.5 per cent.
The S&P 500 index is up 221.05 points, or 12 per cent.
The Nasdaq is up 578.30 points, or 13.9 per cent.
