NEW YORK: Stocks closed higher on Monday as investors staged a late-day rebound, extending a recent trend of buying on dips and pushing major indexes near all-time highs despite concerns about growth and China's housing market.
The Dow closed within 40 points of its all-time closing high, recovering from early losses on plans to tighten curbs on China's housing market, as well as a slowdown in the growth of that country's services sector.
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