The stock market ended higher Monday, but a late fade kept it from closing at an all-time high.
The market marched broadly higher most of the day, helped by optimism about the economy and more corporate mergers, only to slowly lose momentum in the final half hour of trading. The Standard & Poor’s 500 index closed less than a point below its record it set on Jan. 15.
The Dow Jones industrial average rose 103.84 points, or 0.6 percent, to 16,207.14.
The S&P 500 index was up 11.36 points, or 0.6 percent, to 1,847.61.
The Nasdaq composite added 29.56 points, or 0.7 percent, to 4,292.97.
For the year so far:
The Dow is down 369.52 points, or 2.2 percent.
The S&P 500 is down 0.75 points, or 0.04 percent.
The Nasdaq is up 116.38 points, or 2.8 percent.