US stocks push further into record heights

U.S. stocks rose on Monday, closing out a second straight monthly gain and hitting new records. The S&P 500 climbed 0.5%, the Dow gained 275 points (0.6%), and the Nasdaq rose 0.5%. Markets were boosted by Canada dropping a planned tax on U.S. tech firms and resuming trade talks. Hopes for tariff deals have underpinned Wall Street’s rebound from its spring sell-off. Standout stock moves included Oracle’s 4% jump on strong cloud deals, GMS’s 11.7% surge after agreeing to a $5.5 billion Home Depot buyout, and gains in bank stocks after a positive Fed stress test, the Associated Press has reported. Treasury yields fell ahead of Thursday’s U.S. jobs report.