The S&P 500 index closed at an all-time excessive Monday, extending a current string of positive aspects in what’s largely been a strong month for the market. AP studies: 

The benchmark index closed at 3,039.42, round 14 factors above its earlier file set on July 26. The S&P 500 notched its newest milestone after weeks of hovering just under its prior excessive.

Monday’s rally got here at first of a busy week of company earnings and financial studies and with traders anticipating one other rate of interest minimize by the Federal Reserve.

Coming into this week, traders have been inspired as a lot of the corporations which have reported quarterly outcomes the previous couple of weeks that beat Wall Road analysts’ forecasts for earnings development.