Stocks finished near session highs
Monday, with the S&P 500 setting a record close and the Nasdaq
ending at its best level since November 2000, following a
better-than-expected pending home sales report and after Italy's new
prime minister named his cabinet over the weekend, ending two months of
political deadlock in the nation.
The S&P 500 climbed 11.37 points to end at 1,593.61, logging a fresh closing high and surpassing its previous record set on April 11. And the Nasdaq rallied 27.76 points to finish at 3,307.02, closing at its highest level since November 2000.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 14.
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