Wall Street stocks closed at record highs on Monday, boosted by expectations for continued monetary policy easing around the globe and a jump in oil prices to nearly five-week highs on speculation top producers may be open to cutting output.
The U.S. S&P 500, Dow and Nasdaq stock indexes all closed at all-time highs.
A strong monthly jobs report on Aug. 5 boosted optimism about the U.S. economy, driving all three major indexes to close at record levels last Thursday for the first time since 1999.
The Dow Jones industrial average .DJI rose 59.58 points, or 0.32 percent, to 18,636.05, the S&P 500 .SPX gained 6.1 points, or 0.28 percent, to 2,190.15 and the Nasdaq Composite .IXIC added 29.12 points, or 0.56 percent, to 5,262.02.
Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and investor expectations of continued easy monetary policy around the globe.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.2 percent, bringing its gains so far this year to 9.9 percent. Japan's Nikkei .N225 was almost flat.
Reference: Reuters
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