How major US stock indexes fared Monday

Stocks closed higher on Wall Street Monday after President Donald Trump suspended plans to impose tariffs on goods imported from Mexico.

Technology stocks helped power the rally, extending the market's winning streak to a fifth day. That follows the strongest week for stocks since November. A couple of billion-dollar deals also helped put investors in a buying mood.

On Monday:

The S&P 500 index gained 13.39 points, or 0.5%, to 2,886.73.

The Dow Jones Industrial Average rose 78.74 points, or 0.3%, to 26,062.68.

The Nasdaq composite climbed 81.07 points, or 1.1%, to 7,823.17.

The Russel 2000 index of smaller companies gained 9.17 points, or 0.6%, to 1,523.56.

For the year:

The S&P 500 is up 379.88 points, or 15.2%.

The Dow is up 2,735.22 points, or 11.7%.

The Nasdaq is up 1,187.89 points, or 17.9%.

The Russell 2000 is up 175 points, or 13%.

Other News

UK manufacturers see costs jump in wake of Brexit vote

Aug 16, 2016

Official figures show consumer prices in Britain rose more than expected in July, while the cost of raw materials for manufacturers are mounting as a result of the pound's drop in the wake of the vote to leave the European Union

Hedge-fund manager Cohen settles with US commodities agency

Aug 16, 2016

Billionaire hedge-fund manager Steven A. Cohen agrees to stay away from commodities business in deal with US agency

Hawaii sushi chain tied to hepatitis A outbreak tosses food

Aug 17, 2016

A popular restaurant chain in Hawaii that serves sushi on a conveyor belt threw out food and scrubbed its counters Tuesday after state authorities identified its raw scallops as the probable source of a hepatitis A outbreak

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.