U.S. stocks ended at record highs on Monday, as stimulus optimism boosts markets. The Dow Jones Industrial Average rose 204.10 points, or 0.68%, to 30,403.97. The S&P 500 was up 32.30 points, or 0.87%, to 3,735.36. The Nasdaq Composite gained 94.69 points, or 0.74%, to 12,899.42.
Oil futures settled lower Monday, fading after getting an early boost following President Donald Trump’s decision over the weekend to reverse course and sign legislation that includes $900 billion in aid to consumers and small businesses. West Texas Intermediate crude for February delivery fell 61 cents, or 1.3%, to close at $47.62 a barrel. February Brent crude declined 43 cents, or 0.8%, to settle at $50.86 a barrel.
Goldman Sachs economists on Monday upgraded their forecast for first-quarter gross domestic product growth to 5% from 3% annualized, citing the boost to consumer spending the $900 billion stimulus package will confer.
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