NEW YORK (AP) — Stocks gained ground on Wall Street Monday to kick off their first full week of the new year.
The gains were broad, with particularly big jumps for energy companies and banks. Elsewhere, industrial companies and retailers joined in to help boost major indexes.
The S&P 500 rose 43.58 points, or 0.6%, to 6,902.05. The benchmark index is just below its record set in late December. The Dow Jones Industrial Average set a record, rising 594.79 points, or 1.2%, to 48,977.18.
The Nasdaq composite rose 160.19 points, or 0.7%, to 23,395.82.
Smaller company stocks had a particularly strong day, outpacing other indexes, in a sign of broader investor confidence. The Russell 2000 rose 1.6%.