Dow Industrials Close Above 18000 for First Time Since July 20

The Wall Street Journal reports…

U.S. stocks rose Monday, propelling the Dow Jones Industrial Average above 18000 for the first time since July.

The blue-chip index has gained nearly 15% since mid-February, as early-year fears about the U.S. economy faded, oil prices rebounded and the Federal Reserve signaled a cautious approach to raising rates. With Monday’s advance, the Dow is up 3.3% for the year.

The Dow industrials rose 107 points, or 0.6%, to 18004, closing above 18000 for the first time since July 20. The S&P 500 added 0.7% and the Nasdaq Composite gained 0.4%.

Prophet must be in the zone…