U.S. Markets closed

Stocks finish slightly higher as Dow picks up fourth straight gain

Sunny Oh

Stocks closed on a positive note on Monday to extend last week's broad-based rally even as Boeing's travails dragged on the blue-chip Dow. The S&P 500 rose less than 0.4% to end near 2,833. The Dow Jones Industrial Average advanced 65 points, or less than 0.3%, to finish near 25,912, based on preliminary numbers. The Nasdaq Composite rose 0.3% to end around 7,714. The Dow notched its fourth straight consecutive gain. The S&P and Nasdaq hit a fresh 52-week high. Major stock-market benchmarks built on last week's rally that lifted the S&P 500 above its long-term resistance level at 2,800. Investors said they would mostly look ahead to the Fed's two-day meeting set to conclude on Wednesday, with expectations for the central bank to lower its forecasts for interest rates. In company news, shares of Boeing Co. were down 2% after The Wall Street Journal said that federal prosecutors and Department of Transportation officials were investigating the development of the firm's 737 Max jetliners.