S&P 500 Closes at Record High

U.S. stocks extended a rally on Monday, with the S&P 500 ending at an all-time high, as investors embraced the latest corporate earnings reports. The Dow Jones industrial average was up 106.20 points, or 0.72 percent, at 14,818.75. The Standard & Poor’s 500 Index was up 11.37 points, or 0.72 percent, at 1,593.61. The Nasdaq Composite Index was up 27.76 points, or 0.85 percent, at 3,307.02.

Contracts to purchase previously owned homes rose in March, as the housing market continues to accelerate this year.
The National Association of Realtors said on Monday its Pending Sales Index, based on contracts signed last month,
rose 1.5 percent to 105.7.

Apple Inc. rallied 3% on Monday after a leaked document reportedly indicated that it may launch iPhone 5S earlier
than anticipated.

Herbalife (HLF) kept its long winning streak alive, topping Wall Street’s profit target for the 17th consecutive
quarter. Late Monday, the nutritional products seller reported a first-quarter profit of $118.8 million, or $1.10 a
share, up from $108.1 million, or 88 cents a share, in the year-earlier period. Revenue rose 17% to $1.1 billion

Deutsche Bank AG (DB) said on Monday its first-quarter profit rose to 1.7 billion euros ($2.22 billion), or 1.71
euros per share, compared to 1.4 billion euros, or 1.58 euros per share, in the same quarter the year before.