The S&P 500 eked out a 1.5-point gain Monday to strike yet another record high as a fresh round of mergers and acquisitions fueled optimism in the markets.
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Stock Market Close, Aug. 25, 2014: U.S. stocks were on the rise again Monday, with the S&P 500 Index cracking the 2,000 level for the first time ever and setting a new all-time closing high just shy of that milestone. The rise was fueled by investor confidence in the financial and biotech sectors, which outweighed concerns about new housing sales falling to a four-month low.