NEW YORK, May 12 (UPI) -- Stocks jumped onto a rally Monday as the Dow Industrial Average and S&P 500 both closed at all time highs, building on the highs set Friday.
The Dow ended 112 points up, a gain of 0.7% to a new high of 16,695.47. The Standard and Poor's index gained one percent, reaching 1,896.65, six points higher than it previous high of 1,890.90. The S&P 500 is inching closer to the major milestone of 1900 points.