US stocks reached new heights on Monday after a report showed activity in America’s services sector accelerated last month at the fastest pace on record.
The blue-chip S&P 500 index rose 1.4 per cent to end the trading session at a record 4,078. The technology-heavy Nasdaq Composite gained 1.7 per cent to trade at 13,706, still shy of the all-time high above 14,000 it struck in February.
The advance was broad, with most of the big S&P 500 sectors rising, led by technology stocks.
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