Easing concerns about debt problems overseas and a $29 billion takeover deal by Exxon Mobil Corp. nudged major stock indexes to new highs for the year. The market climbed Monday after the Middle Eastern city-state of Abu Dhabi extended $10 billion to nearby Dubai to help the emirate make debt payments. Meanwhile, Exxon Mobil said it would acquire XTO Energy Inc.
The Dow Jones industrial average rose 29.55, or 0.3 percent, to 10,501.05.
The Standard & Poor's 500 index rose 7.70, or 0.7 percent, to 1,114.11.
The Nasdaq composite index rose 21.79, or 1.0 percent, to 2,212.10.
For the year:
The Dow is up 1,724.66, or 19.7 percent.
The S&P is up 210.86, or 23.3 percent.
The Nasdaq is up 635.07, or 40.3 percent.