Wall Street rallies on US housing data and Italian 'finished' job

FXstreet.com (San Francisco) - The US stocks market closed higher on Monday as investors' confidence were fueled by well above expectations UH pending home sales and as Italy’s PM Letta formed his cabinet as Italian government two months after the elections. The S&P 500 closed at record high and the Nasdaq finished at its highest level since November 2000.

The Dow Jones advanced 106.20 points or 0.72% to end the day at 14,818.75. The S&P 500 added 11.37 points or 0.72% to 1,593.61. And the Nasdaq Composite rallied 27.76 points or 0.85% to finish the day at 3,307.02.