S&P 500 Scores 46th Record Close

The S&P 500 and Dow Jones Industrial Average closed at record levels on Monday, but it was the small-caps and the Nasdaq Composite who stole the show. Small-caps rallied and outperformed their large counterparts, in a sign that the bull market has further legs to go. Trading volumes were lower than usual, as the week is cut short by Thanksgiving holiday on Thursday. The S&P 500 closed 5.91 points, or 0.3%, higher at 2,069.41, the 46th time it closed at record level this year. The Dow Jones Industrial Average dipped in an out of negative territory but closed marginally higher, adding 7.87 points to 17,817. The blue-chip index hit a record high for the 29th time this year. The Nasdaq Composite ended the day up 41.92 points, or 0.9%, at 4,754.89. The Russell 2000 rose 14 points, or 1.2% to 1,186.22.