Technology companies led the stock market higher on Monday, pushing the Standard & Poor’s 500 index to another record high.
A pair of strong economic reports also encouraged investors. Wages and spending rose in the U.S. last month, and pending home sales hit a three-year high.
The Dow Jones industrial average rose 106.20 points, or 0.7 per cent, to 14,818.75.
The Standard & Poor’s 500 rose 11.37 points, or 0.7 per cent, to 1,593.61.
The Nasdaq composite index rose 27.76 points, or 0.9 per cent, to 3,307.02.
For the year:
The Dow is up 1,714.61 points, or 13.1 per cent.
The S&P 500 is up 167.42 points, or 11.7 per cent.
The Nasdaq is up 287.51 points, or 9.5 per cent.