The S&P 500 Index ($SPX) (SPY) Monday closed up by +0.77%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.82%.
Stocks rallied on Monday, with the S&P 500 and Dow Jones Industrials posting new all-time highs and the Nasdaq 100 posting a 2-3/4 month high. Optimism in Q3 corporate earnings boosted stock prices Monday after bank stocks rallied last Friday on strong earnings results from JPMorgan Chase and Wells Fargo. Also, the strength of chip stocks on Monday lifted the overall market. However, losses in Boeing and Caterpillar limited gains in the Dow Jones Industrials. Trading volumes were below average on Monday, with trading in the cash Treasury market closed for the Columbus Day holiday.
