Should we all be excited? http://www.marketwatch.com/story/us...gher-ahead-of-empire-state-reading-2016-08-15 Stocks close at record highs as oil rallies By Wallace Witkowski and Anora Mahmudova Published: Aug 15, 2016 4:18 p.m. ET The Dow Jones Industrial Average, the S&P 500 index, and the Nasdaq Composite Index all closed at record highs on Monday for the second time since 1999, thanks in part to a sharp uptick in oil prices, which boosted energy and materials shares. The S&P 500 SPX, +0.28% rose 6.10 points, or 0.3%, to close at 2,190.15, with seven of the 10 main sectors trading higher. The materials, industrial, and energy sectors led the gains, while so-called defensive sectors, such as utilities, consumer staples and telecom were in negative territory. On Thursday, the index closed at a high of 2,185.79. The Dow Jones Industrial Average DJIA, +0.32% gained 59.58 points, or 0.3%, to 18,636.05, with shares of DuPont DD, +1.45% and Goldman Sachs Group Inc. GS, +1.41% leading the gains. Back on Thursday, the Dow closed at a high of 18,613.52. The Nasdaq Composite COMP, +0.56% logged its third record closing high in a row, advancing 29.12 points, or 0.6%, to finish at 5,262.02, topping Friday’s previous closing high of 5,232.89. On Thursday, the Dow, S&P 500, and Nasdaq had all closed at record highs, an occurrence that had not happened since 1999. “The market is grinding higher thanks to better-than-expected earnings results during this season as well as due to lack of alternatives, since bond yields are so low,” said Karyn Cavanaugh, senior market strategist at Voya Financial.