S&P Market News Update : Epic Research Malaysia

U.S. stocks rebounded on Monday with the Dow Jones Industrial Average closing above 17,000 as a flurry of deal news and better-than-expected earnings from Citigroup Inc increased demand for equities.

The S&P 500 SPX +0.48% closed 9.53 points, or 0.5%, higher at 1,977.10. The Dow Jones Industrial Average DJIA +0.66% scaled an intraday record high, but retreated slightly in the afternoon to close 111.61 points, or 0.7%, higher at 17,055.42. The Nasdaq Composite COMP +0.57% gained 24.93 points, or 0.6%, to 4,440.42.

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