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Markets Right Now: S&P 500, Dow and Nasdaq reach records

Posted November 21

— The latest on developments in financial markets (All times local):

4:00 p.m.

The Standard & Poor's 500 index is closing at a record high, beating the mark it set in August.

Other indexes also set records Monday.

The Dow Jones industrial average surpassed the record close it set last week and the Nasdaq composite beat its all-time high from September.

An index of small-company stocks, which have outpaced the market this month, is also at a record high. The Russell 2000 has climbed for 12 straight trading days.

Investors are betting that smaller companies will benefit from President-elect Donald Trump's plans to lower corporate taxes and loosen regulations.

The Dow rose 88 points, or 0.5 percent, to 18,956. The S&P 500 gained 16 points, or 0.7 percent, to 2,198. The Nasdaq added 47 points, or 0.9 percent, to 5,368.

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11:45 a.m.

U.S. stocks are rising in midday trading, putting indexes on track to set new record highs, as the price of oil jumps and energy companies move higher.

The price of oil jumped 3 percent Monday as traders hoped OPEC would finalize a deal to curb production.

Marathon Oil gained and Hess each rose 4 percent.

Meat producer Tyson Foods tumbled dropped 14 percent after it disclosed disappointing results for its fourth fiscal quarter and said its CEO is stepping down.

LifeLock climbed 15 percent after Symantec agreed to buy the fraud protection company.

The Dow Jones industrial average rose 53 points, or 0.3 percent, to 18,920. The Standard & Poor's 500 index gained 11 points, or 0.5 percent, to 2,193. The Nasdaq composite added 35 points, or 0.7 percent, to 5,356.

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9:35 a.m.

U.S. stocks are rising in early trading as the price of oil jumps and energy companies move higher, keeping indexes at record highs.

The price of oil jumped nearly 3 percent early Monday as traders hoped OPEC would finalize a deal to curb production.

Marathon Oil gained 4 percent and Hess rose 3 percent.

Meat producer Tyson Foods tumbled dropped 15 percent after it disclosed disappointing results for its fourth fiscal quarter and said its CEO is stepping down.

LifeLock climbed 15 percent after Symantec agreed to buy the fraud protection company.

The Dow Jones industrial average rose 55 points, or 0.3 percent, to 18,921. The Standard & Poor's 500 index gained 9 points, or 0.4 percent, to 2,191. The Nasdaq composite added 28 points, or 0.5 percent, to 5,350.

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