A jump in oil prices helped pull U.S. stocks to record highs Monday as investors continue to hope for a cut in oil production that could help prices go higher. The start of the week once again brought several corporate deals, with companies in the energy and technology industries making moves.
The Dow Jones industrial average gained 88.76 points, or 0.5 per cent, to 18,956.69.
The Standard & Poor’s 500 index rose 16.28 points, or 0.7 per cent, to 2,198.18.
The Nasdaq composite added 47.35 points, or 0.9 per cent, to 5,368.86.
For the year:
The Dow is up 1,531.66 points, or 8.8 per cent.
The S&P 500 is up 154.24 points, or 7.5 per cent.
The Nasdaq is up 361.45 points, or 7.2 per cent.