What Happened in the Stock Market Today

Growing optimism about a trade deal with China lifted major benchmarks to new highs on Monday. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) both closed at records, propelled by growth stocks, particularly semiconductors and biotechs. Gains were broad-based, with utilities the only falling sector.

Data source: Yahoo! Finance.

Mergers and acquisitions were in the news, with two previously rumored combinations being confirmed. Charles Schwab (NYSE: SCHW) has reached an agreement to buy TD Ameritrade (NASDAQ: AMTD), and Tiffany (NYSE: TIF) has accepted an offer from LVMH Moet Hennessy (OTC: LVMUY).

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Source Fool.com