Dow, S&P 500, Nasdaq set records as oil prices rise

Dow, S&P 500, Nasdaq set records as oil prices rise

NEW YORK - Wall Street stocks jumped to fresh records Monday, with a solid gain in oil prices sustaining positive momentum after last week's all-time highs.

At the closing bell, the Dow Jones Industrial Average stood at 18,636,05, up 0.3 percent

The Dow Jones Industrial Average rose 0.3 percent to 18,636,05, about 23 points above the record set Thursday.

The broad-based S&P 500 gained 0.3 percent to 2,190.15, while the tech-rich Nasdaq Composite advanced 0.6 percent to 5,262.02.

It was the second time in three sessions that the leading US equity indices each hit a record. Prior to last Thursday, that feat had not been accomplished in more than 16 years.

"It's a very low-volume month with not a lot of data out there, and so it's sort like a self-fulfilling momentum," said Sam Stovall of S&P Global Intelligence.

"People are just feeling good and pushing share prices to new highs."

Besides energy equities, which were boosted higher oil prices, sectors with outsized gains included industrials, financials and materials.

The records also come as major retailers report earnings that have generally been a bit better than expected. Dow members Home Depot and Wal-Mart Stores are scheduled to report later this week.

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