Dow closes above 38,000 for first time as S&P 500 scores back-to-back records

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average finishing above the 38,000 milestone for the first time in history, according to preliminary data, as fourth-quarter earnings season begins to ramp up.

What’s happened

• The Dow Jones Industrial Average
  DJIA
  rose 0.4% to end near 38,002, according to preliminary closing data from FactSet.

• The S&P 500
  SPX
  ended up 0.2%.

• The Nasdaq Composite
  COMP
  advanced 0.3%.