NEW YORK (AP) — Stocks rose on Wall Street Monday to open what’s expected to be a relatively calm holiday week.
The gains were broad. Technology companies and banks did much of the heavy lifting. Industrial companies also gave a strong push to major indexes.
The S&P 500 rose 43.99 points, or 0.6%, to 6,878.49. The Dow Jones Industrial Average rose 227.79 points, or 0.5%, to 48,362.68. The Nasdaq composite rose 121.21 points, or 0.5%, to 23,428.83.
Smaller company stocks did particularly well. The Russell 2000 index outpaced other major indexes with a 1.2% gain.
The gains also helped major indexes push further into winning territory for the month as a choppy December nears its end. Technology companies, especially those focused on artificial intelligence, have been the main force behind the market’s oscillations. The direction of AI-related stocks will likely determine whether the market closes out December with gains or losses.