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Stocks rally worldwide, S&P 500 back to within 3% of record

Stocks closed broadly higher on Wall Street and around the world Monday following several encouraging reports on the economy.  (MGN/file)
Stocks closed broadly higher on Wall Street and around the world Monday following several encouraging reports on the economy. (MGN/file)
Published: Aug. 3, 2020 at 4:04 PM CDT
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NEW YORK (AP) - Stocks closed broadly higher on Wall Street and around the world Monday following several encouraging reports on the economy.

The S&P 500 added another 0.7% onto its four-month winning streak.

The benchmark index is now back within 3% of the record high it set in February.

Big Tech led the way higher again, and Microsoft and Apple alone accounted for much of the S&P 500′s gain.

Earlier, reports showed that manufacturing improved across much of the world, including in Europe and the United States.

Treasury yields, small-company stocks and crude oil prices also rose. 

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)

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