Stock Bulls Drive S&P 500 to the Brink of Record: Markets Wrap

The holiday-shortened week started with gains in stocks amid a broad advance that saw a continuation of the bullish momentum on Wall Street. Oil and gold rallied as the dollar fell.

Equities erased their December losses, with the S&P 500 set for an eighth straight up month - the longest winning run since 2018. Almost 400 of its shares rose Monday as the benchmark approached a record. Tesla Inc. and Nvidia Corp. led megacaps higher. A gauge of smaller firms climbed 1.2%.