Following gains in Europe, the major U.S. benchmark indexes maintained their momentum following previous three weeks of gains and started off the week hitting new all-time highs while crude oil prices continued to fall.
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Nymex Crude Oil which had rebounded somewhat on Friday resumed its downward trend settling at $77.40 per barrel down $1.25 or 1.59%. Gold prices also fell with the precious metal losing $10.00 or 0.85% to settle at $1,159.80 per ounce.
All of the major indexes saw gains on the day with the Dow Jones Industrial Average hitting a new all-time high at 17,613.74 up 39.81 points or 0.23%. The S&P 500 also hit a new all-time high closing at 2,038.26 up 6.34 points or 0.31%.
The NASDAQ Composite ended the gained 19.09 points to close at 4,651.62 up 0.41%. The Tech heavy NASDAQ 100 gained 15.45 points or 0.37% to close at 4,175.95.
The Small cap Russell 2000 climbed 6.25 points to close at 1,179.57 up 0.53%. The Fox 50 gained 0.15% up 2.2 points to close at 1,433.35.