Strong start to December as S&P 500 index sets another high

Associated Press | Tuesday, December 1, 2020 11:30 a.m.

Stone sculptures adorn the New York Stock Exchange.

Stocks scored more record highs on Wall Street on Tuesday, a day after the S&P 500 closed out November with its biggest monthly gain since April.

The benchmark index climbed 1.1% while the tech-heavy Nasdaq added 1.3%. Both beat the all-time highs they set on Friday.

Stocks have been ramping higher in recent weeks as investors focus on the possibility that coronavirus vaccines could soon help usher in a fuller global economic recovery. The Dow Jones Industrial Average hovered just below 30,000. Treasury yields rose in another sign that investors were feeling more optimistic about the economy.