US stocks close modestly higher, add to gains from last week
U.S. stocks closed modestly higher Monday, extending the market's gains from last week.
Technology companies and banks accounted for much of the latest gains, outweighing losses among beverage makers and other consumer goods companies.
Energy stocks got a boost from U.S. crude oil prices, which closed above $70 a barrel for the first time since November 2014.
"Geopolitical risk has cooled a little bit and economic data, even if it isn't accelerating as fast as it was a month ago, is still accelerating," said Karyn Cavanaugh, senior markets strategist at Voya Investment Management. "The last couple of days are showing that investors are getting their sea legs back."
The S&P 500 index rose 9.21 points, or 0.3 percent, to 2,672.63.