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U.S. stocks climbed Monday as Wall Street pulls closer to its record heights following its roller coaster of a summer.
The S&P 500 rallied 1% for its eighth straight gain.
That clinched its longest winning streak since November and followed up on the index’s best week of the year.
It’s back to within 1% of its all-time high after falling close to 10% below the mark earlier this month.
The Dow Jones Industrial Average gained 236 points, or 0.6%, and the Nasdaq composite jumped 1.4%.
Advanced Micro Devices helped drive the market after saying it would buy ZT Systems, a supplier in the cloud computing and artificial intelligence industries, in a cash-and-stock deal valued at $4.9 billion. The chip company’s stock rose 4.5%.
