U.S. stocks close higher as S&P 500 leaves correction territory

U.S. stocks closed higher Monday, with the S&P 500 exiting correction territory, as all three major indexes extended their three-week winning streak. The Dow Jones Industrial Average DJIA ended 0.6% higher, while the S&P 500 SPX gained 0.7% and the Nasdaq Composite COMP climbed a sharp 1.1%, according to preliminary data from FactSet. The S&P 500 finished Monday at around 4,547, surpassing the level it needed to reach at closing to exit from correction territory it’s been in since Oct. …