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The Dow Jones Industrial Average closed above 52,000 for the first time on Monday after Alphabet made its debut in the index, rounding out a broader stock market rally.
The 30-stock index spiked 305.97 points to 52,182.08.
The S&P 500 leaped 86.25 points, or 1.2%, to 7,440.27.
The NASDAQ popped 522.53 points, or 2.1%, to 25,820.14.
Alphabet was one of notable stocks gainers, climbing nearly 5% on its first day trading as a Dow member. Comcast shares, meanwhile, rallied 4% on the day after the company said it would spin off its media and tech businesses into two publicly traded companies. The separation is expected to be completed in about a year.
The U.S. and Iran agreed Sunday to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely, following a weekend of military exchanges that threatened to derail negotiations aimed at ending their conflict.
Shares of Owens Corning were on the rise in midday Monday trading after a Wall Street Journal report that Carlisle Companies made an unsolicited offer to acquire the company.
Owens Corning was surging more than 14% on the news, while shares of the building products maker Carlisle fell more than 5%.
Prices for the 10-year Treasury gained ground, lowering yields to Friday’s 4.37%. Treasury prices and yields move in opposite directions.
Oil prices captured $1.22 to $70.45 U.S. a barrel.
Gold prices faltered $67.30 to $4,029 U.S. an ounce.
