NEW YORK (AP) — U.S. stocks ticked to the edge of records Monday as Wall Street’s momentum keeps driving it upward.
The S&P 500 rose 15.87 points, or 0.3%, to 5,631.
22 and finished just shy of its all-time high set last week. It’s coming off its 10th winning week in the last 12, lifted in large part by expectations that inflation is slowing enough to convince the Federal Reserve to ease interest rates soon. The Dow Jones Industrial Average climbed 210.
82, or 0.5%, to 40,211.72 and set its own record, while the Nasdaq composite added 74.
12, or 0.4%, to 18,472.57 and ended a bit short of its high.
Some of the market’s best performing areas were ones that do best when former President Donald Trump’s chances for election look better. Trump Media & Technology Group , the company behind Trump’s Truth Social platform, leaped 31.4%.
Bitcoin rose back above $63,000 after Trump, who has painted himself as a crypto-friendly candidate , survived an assassination attempt over the weekend. Trump could get an immediate bump in his support in polls, as President Ronald Regan did in 1981, according to Isaac Boltanksy, director of policy research at BTIG, and “Trump’s defiance following the attack could be the defining image of this election cycle .” Yields for longer-term Treasurys also pushed higher than shorter-term ones, and the 10-year Treasury yield climbed to 4.
22% from 4.19% late Friday. Something similar happened after last month’s debate between Trump and Presiden.