Dow closes at highest in nearly 2 years as stocks climb for 3rd day

U.S. stocks climbed for a third-straight day Monday, with the three main indexes closing at fresh 52-week highs, according to FactSet data, as investors turned their attention to Tuesday’s inflation report, and Wednesday’s Federal Reserve decision on interest rates. The S&P 500
SPX,
+0.39%
gained 18.02 points, or 0.4%, to 4,622.43, according to preliminary closing data from FactSet. The Dow Jones Industrial Average
DJIA,
+0.43%
gained 157.06 points, or 0.4%, to 36,404.93. The Nasdaq Composite
COMP,
+0.20%
rose by 28 points, or 0.2%, to 14,432.49. For the Dow, Monday marked the highest close since Jan. 5, 2022, just one day removed from its all-time closing high. Notably, an index of semiconductor stocks finished at a fresh high on Monday, even as Nvidia Corp.
NVDA,
-1.85%
and other megacap-tech names lagged in the red. Shares of Broadcom Inc.
AVGO,
+9.00%
rose 9% to a record $1,029.24 a share, according to preliminary data.