U.S. stocks rose for a fourth straight session Monday, propelling the Dow industrials and the S&P 500 to record closes.
The winning streak was spurred by the Federal Reserve, which said last week it would be patient about raising interest rates. That encouraged investors to buy stocks in the U.S., where a continued economic recovery has brightened the outlook for earnings growth and future stock-market returns.
The Dow Jones Industrial Average advanced 154.64 points, or 0.9%, to 17959.44, hitting its 35th record for the year. The S&P 500 index added 7.89 points, or 0.4%, to 2078.54. It was the index?s 50th closing high in 2014.
Read More at Wall Street Journal.
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