Stocks kick off November with gains as major indexes attempt to build on records.
Stocks started the first trading day of November off strong on Monday as investors bet on a year-end rally after markets navigated a typically tough seasonal period successfully.
The Dow Jones Industrial Average rose 170 points to a fresh record. The S&P 500 gained 0.3% and also hit an all-time high. The tech-focused Nasdaq Composite added 0.2%.
Shares of Tesla, which became a $1 trillion company last week, continued its gains for the year with shares up more than 2%. Investors have been piling into bets on Tesla options as of late.
Stocks linked to an economic recovery, such as Ford and Occidental Petroleum, were also higher. Ford gained 1% and Occidental Petroleum popped 2.5%.