S&P 500 closes at record high for first time in months
The S&P 500 rose 0.5% to close at its highest level ever on Monday, hitting a new record for the first time since July.
By the numbers: The Dow Jones Industrial Average gained 131 points. The Nasdaq Composite closed up 1%.
Why it matters: The S&P milestone is one indication of rebounding confidence in the U.S. economy, which is a reversal from recession fears that hurt the stock market in recent months.