New York – U.S. stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volume was below average.
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The Dow Jones industrial average rose 7.39 points, or 0.04 percent, to 17,817.45, the S&P 500 gained 5.94 points, or 0.29 percent, to 2,069.44 and the Nasdaq Composite added 41.92 points, or 0.89 percent, to 4,754.89.
The Dow and S&P closed at record highs but did not trade above record intraday levels set last Friday.