Traders Cheer Year-End Rally as S&P 500 Nears Record
A trader works on the floor at the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS equities gained for a third-straight session Monday but closed just shy of a record as a year-end rally is taking hold amid bullish positioning in tech stocks.
The S&P 500 Index ended the day 0.6% higher in a broad-based advance, which saw more than three stocks in the benchmark gain for every one that fell. The tech-heavy Nasdaq 100 and blue chip Dow Jones Industrial Average both rose 0.5%.