The S&P 500 closed at a record high Monday after Congress approved an infrastructure spending package.
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The broad index gained 0.09% to close above 4,700 for the first time at 4,701.70.
The Dow Jones Industrial Average added 104.27 points, or 0.3%, to close at 36,432.22.
The Nasdaq Composite ticked up 0.07% at 15,982.36.
All three stock averages posted record closes.
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The U.S. House of Representatives late Friday passed a more than $1 trillion infrastructure bill, sending the legislation to President Joe Biden for his signature. First passed by the Senate in August, the package would provide new funding for transportation, utilities and broadband, among other infrastructure projects.
Industrials and materials stocks rallied Monday with those names set to benefit from the spending package. The Global X U.S. Infrastructure Development exchange-traded fund rose nearly 1.3% and hit a new all-time high Monday morning.
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