S&P, Nasdaq close at new highs as Wall Street rides bull momentum

The Dow Jones Industrial Average rose 378.13 points, or 1.35%, to 28,308.46, the S&P 500 gained 34.12 points, or 1.00%, to 3,431.28 and the Nasdaq Composite added 67.92 points, or 0.6%, to 11,379.72. Of the 11 major sectors in the S&P 500, all but healthcare ended the session in the black.

NEW YORK: The S&P 500 and the Nasdaq reached new record closing highs on Monday as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major U.S. stock indexes higher.

The benchmark S&P 500 reclaimed its February closing high last week, confirming a bull market and the fastest recovery from a bear market trough on record.