“Wall Street‘s rally kept rolling Monday, after a choppy morning gave way to gains nearly across the board,” Steve Schaefer reports for Forbes. “The modest advance saw the Dow building on record highs and the S&P 500 within 10 points of its best close of all time.”
“The 500-stock S&P added 5 points to 1,556, drawing closer to its October 2007 record finish of 1,565,” Schaefer reports. “The Dow, which breached its prior peak last week, gained 50 points to 14,447, while the Nasdaq added 9 points to 3,253.”
Schaefer reports, “Apple shares reversed early losses to join the win column, finishing 1.4% higher at $437.87. A midday spike was driven by rumors the company could tap its enormous cash hoard, which has become a target of activist investors, for a special dividend.”
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