U.S. stock-market gauges finished at records on Monday as investors were buoyed by confirmation of a fiscal relief bill signed by President Donald Trump over the weekend. The Dow Jones Industrial Average DJIA, +0.68% rose 204 points, or 0.7%, to 30,404, based on preliminary numbers.
The Nasdaq Composite COMP, +0.74% was up 95 points, or 0.7%, to finish near 12,899. The S&P 500 SPX, +0.87% added 32 points, or 0.9%, to end around 3,735. Trump finally signed a $900 billion pandemic relief package and a $1.4 trillion spending bill that would funnel much-needed aid to U.S. households and businesses, while averting a federal government shutdown. This buoyed investors who have awaited additional fiscal aid before the end of the year. Alibaba Group Holding Ltd. BABA, +0.16% boosted its stock repurchase program late Sunday from $6 billion to $10 billion, and shares rose 0.3% following a 13% plunge on Thursday.