Business

S&P 500 ends Monday at record high

NYSE traders Image copyright Getty Images

(Close): Stocks on Wall Street rose Monday, building on Friday's positive mood after a strong jobs report suggested a positive outlook for the US economy.

The S&P 500 index broke a year long record, rising 7.26 points to 2,137.16.

The Dow Jones climbed 80.19 points to 18,226.93, while the tech-focused Nasdaq was up 31.88 points to 4988.64.

Banking shares were up, with JP Morgan and Citigroup both gaining 0.7%, while Goldman Sachs rose 1.2%.

"The markets are having a feel-good rally because the jobs report on Friday was better-than-expected and that was followed up by some good election news in Britain and Japan," said Alan Gayle, investment strategist at RidgeWorth Investments.

"Investors have been looking for a reason to buy stocks and now they have it."

Boeing had a strong day climbing 1.5% after announcing a £3bn a deal to sell new maritime patrol planes to the UK government.

Shares of GoPro were the biggest gainers on the Nasda, gaining 13.3%.

Shares of Netflix dropped 2.5% after a report indicated the company's stock could fall and growth could slow as the company reaches market saturation.