USA stocks climbed Monday, pushing the benchmark Standard & Poor's 500 Index to an all-time high, extending a rally from Friday when a better-than-forecast jobs report brightened the economic outlook without fueling expectations that the Federal Reserve will raise interest rates sooner.
The Dow Jones Industrial Average added 101 points, or 0.6%, to 18,330, trading above its closing record set in May 2015 and briefly hitting an intraday record of 18,353.76.
At 9:48 a.m. ET (1345 GMT), the Dow Jones Industrial Average .DJI was up 115.27 points, or 0.63 percent, at 18,342.2.
The S&P 500 added 7.26 points, or 0.3 percent, to 2,137.16. Britain's FTSE 100 was up 0.2 percent to 6,695.74.
Alcoa reported a smaller-than-expected drop in quarterly profit, sending the aluminum producer's shares up 4.7 percent and helping boost optimism about the earnings season.
The Nasdaq composite added 34.18 points, or 0.7 percent, to 5,022.82.
Advancing issues outnumbered declining ones on the NYSE by a 2.20-to-1 ratio; on Nasdaq, a 2.06-to-1 ratio favoured advancers.
The Dow, which is made up of just 30 stocks, is an older and better-known barometer of the market than the S&P 500, but professional investors generally pay much closer attention to the S&P 500. South Korea's Kospi gained 1.3 percent.
A bevy of positive economic indicators helped push the S&P 500 into record territory on Monday for the first time in more than a year.
Investors will also turn their attention to earnings with Alcoa Inc.'s report after the markets close on Monday.
Alcoa Inc. climbed 3.9 percent in early NY trading after the aluminum producer reported second-quarter profit that beat analysts' estimates.
"When the market can make new highs and".
BONDS, CURRENCIES: Bond prices fell.
Seagate STX.O jumped 16.2 percent to $28 after the hard-disk drive maker estimated quarterly results that beat analysts' expectations.
Investors also expect the Bank of Japan to ease policy further to boost the country's stagnant economy, after Japanese Prime Minister Shinzo Abe's ruling coalition increased its control of the upper house of parliament on Sunday.
In Japan, the Nikkei 225 index jumped 2.5 percent, a day after soaring 4 percent. Investors are betting he'll keep flooding the market with money by expanding bond purchases.
West Texas Intermediate slid 1.4% to settle at US$46.21 a barrel, a two-month low.
Nintendo: Shares in Nintendo Co., Ltd soared nearly 13 percent higher as the Pokemon Go app continues to be a wild success.
Crude oil slipped over 2 percent with prices hitting about $44 a barrel after the US ramped up its production. The yield on the 10-year Treasury note rose to 1.48 percent from 1.43 percent on Monday.
The dollar rose to a 10-day high against the safe-haven yen JPY= of 102.89 yen, climbing more than 2 percent, following Abe's call for more stimulus.
Gold fell 1.80 U.S. dollars to 1,356.60 USA dollars an ounce, silver rose two cents to 20.30 United States dollars an ounce and copper rose three cents to 2.15 U.S. dollars a pound.