A flurry of buyout deals and rising optimism about U.S.
-China trade talks sent stocks back to record heights Monday, the latest bit of fuel for a market that’s been climbing since early last month.
The S&P 500 rose 23.35 points, or 0.8%, to 3,133.64. The Dow Jones Industrial Average climbed 190.85, or 0.7%, to 28,066.47, and the Nasdaq composite jumped 112.60, or 1.3%, to 8,632.49. All three indexes set records. Optimism has not been as high for other economies around the world, though, where growth remains slow, said David Kelly, chief global strategist at JPMorgan Asset Management. “People are still nervous about the rest of the world,” he said. “All of this is sort of acting as funnel, directing cash into U.S. equities.”
Tiffany jumped 6.2% for one of the biggest gains in the S&P 500, while Schwab rose 2.3% and TD Ameritrade gained 7.6%.
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