US stocks moved notably higher over course of the trading session on Monday with the Nasdaq and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close but remained firmly positive. The Nasdaq jumped 168.14 points or 1.0 percent to 17,857.02, the S&P 500 advanced 41.63 points or 0.8 percent to 5,473.23 and the Dow climbed 188.94 points or 0.5 percent to 38,778.10. Oil service stocks moved sharply higher along with the price of crude oil. Semiconductor, banking and software stocks also saw notable strength, while utilities and telecom stocks bucked the uptrend.
