S&P 500, Nasdaq Composite see highest close since April 2022 as stocks power higher

U.S. stocks powered higher on Monday for the third straight day as both the S&P 500 and Nasdaq Composite posted their highest closing levels since April 21 2022, according to Dow Jones Market Data. All three major U.S. equity indexes rose as stocks built on their gains following the S&P 500’s exit from bear-market territory late last week. Meanwhile, investors were looking ahead to Tuesday’s consumer-price inflation data and a Federal Reserve decision on interest rates due on Wednesday. The S&P 500
SPX,
+0.93%
gained 40.15 points, or 0.9%, to 4,339.01, according to preliminary data from FactSet. The Nasdaq Composite
COMP,
+1.53%
rose by 202.78 points, or 1.5%, to 13,461.92, per FactSet. The Dow Jones Industrial Average
DJIA,
+0.56%
increased by 189.55 points, or 0.6%, to 34,066.33.