US stocks rose on Monday and the S&P 500 hit a record intraday high, helped by gains in health insurers’ shares and optimism about merger activity.
The Dow Jones industrial average rose 103.84 points or 0.64 percent, to close at 16,207.14. The S&P 500 gained 11.36 points or 0.62 percent, to end at 1,847.61, after rising to an intraday record of 1,858.71.
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