S&P, Nasdaq post 8-day winning streaks

ISTANBUL

US stocks closed higher Monday, with the S&P 500 and the Nasdaq extending their winning streaks to eight consecutive trading days.

The tech-heavy Nasdaq soared 245 points, or 1.39%, to finish the session at 17,876. The S&P 500 rose 54 points, or 0.97%, to close at 5,608.

The Dow Jones Industrial Average, meanwhile, increased 236 points, or 0.58%, to end the day at 40,896.

The VIX volatility index, also known as the fear index, fell 1% to 14.65. The 10-year US Treasury yield lost 0.44% to 3.875%.

The US dollar index declined 0.58% to 101.86, while the euro remained unchanged at $1.1086 against the greenback.

Precious metals were mixed, with gold losing 0.14% to $2,504 per ounce but silver increasing 1.5% to $29.44.

Oil prices were down more than 2.1%, with global benchmark Brent crude at $77.81 per barrel and US benchmark West Texas Intermediate at $73.81.