U.S. stocks rose for a fourth day in thin trading as investors evaluated prospects for a year-end rally amid spiking coronavirus cases. Oil gained and the Treasury curve flattened.
The S&P 500 ended Monday near session highs, posting the 69th record close for 2021 with all major industry groups advancing. The tech-heavy Nasdaq 100 jumped 1.6%, outperforming other benchmarks. Oil climbed back above $75 a barrel in New York for the first time in a month. The two-year yield stayed higher after an auction while rates in the long end slipped.
