U.S. stocks drifted to a slightly higher close ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates.
The S&P 500 rose 0.3 percent Monday, topping the record it set last week. The Dow Jones Industrial Average rose 0.2 percent, and the Nasdaq composite ticked up 0.3 percent, also a setting an all-time high. Energy stocks rose as oil prices regained some of their sharp losses. A buyout of Diamond Offshore Drilling by rival Noble also helped lift the industry. European stocks fell following surprise results in elections for the European Parliament.
On Monday:
The S&P 500 rose 13.80 points, or 0.3 percent, to 5,360.79.
The Dow Jones Industrial Average rose 69.05 points, or 0.2 percent, to 38,868.04.
The Nasdaq composite rose 59.40 points, or 0.3 percent, to 17,192.53.
The Russell 2000 index of smaller companies rose 5.06 points, or 0.2 percent, to 2,031.61.
For the year:
The S&P 500 is up 590.96 points, or 12.4 percent.
The Dow is up 1,178.50 points, or 3.1 percent.
The Nasdaq is up 2,181.18 points, or 14.5 percent.
The Russell 2000 is up 4.54 points, or 0.2 percent.
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