* S&P energy jumps 2.2 pct as oil gains
* Facebook surges on $6 bln buyback news
* Tyson Foods slumps on profit miss, CEO departure
* Indexes up: Dow 0.5 pct, S&P 500 0.8 pct, Nasdaq 0.9 pct
(Updates close with Japan earthquake)
By Caroline Valetkevitch
NEW YORK, Nov 21 All three major U.S. stock
indexes set record closing highs on Monday, extending their
post-election rally as energy and other commodity-related shares
gained and Facebook led a jump in technology.
Small caps added to recent gains as well, pushing the
Russell 2000 index to a record high close. The session
marked the first time all four indexes hit closing records on
the same day since Dec. 31, 1999.
Stocks have mostly rallied since the Nov. 8 U.S. election,
with investors snapping up shares of banks, health care and
other companies expected to benefit from President-elect Donald
The energy index jumped 2.2 percent, leading gains
among major S&P sectors, as U.S. oil prices climbed 3.9 percent.
Hopes that OPEC would agree to an output cut next week lifted
oil prices. The S&P materials index was up 1.3
"The post-election rally is continuing," said Bucky Hellwig,
senior vice president at BB&T Wealth Management in Birmingham,
Alabama. Optimism that Trump will ease regulations and reduce
taxes "keeps pulling money into the market," he said.
"A lot of money came out of bond funds last week into
stocks, and I think that can continue given the potential spread
between what stocks can do versus bonds."
Data from TrimTabs Investment Research showed investors
moved $45.7 billion into U.S.-listed equity exchange-traded
funds in the eight trading days ended Thursday, the biggest
eight-session inflow on record.
The Dow Jones industrial average ended up 88.76
points, or 0.47 percent, at 18,956.69, while the S&P 500
gained 16.28 points, or 0.75 percent, to 2,198.18 and the Nasdaq
Composite added 47.35 points, or 0.89 percent, to
The S&P 500 had last set a closing record on Aug. 15. All
three major indexes hit record intraday highs as well.
Expectations may be building that the new administration
will bring tax breaks that will help corporations and consumers,
said Peter Tuz, president of Chase Investment Counsel in
Charlottesville, Virginia. But, he said, "you're betting an
awful lot on something that hasn't even been introduced before
After the close, the safe-haven yen rose and
U.S.-dollar denominated Nikkei futures hit a session low
after reports that a powerful earthquake hit Japan.
"Unless we're missing something here and there's some
significant damage," markets should calm down, said Stephen
Massocca, chief investment officer of Wedbush Equity Management
LLC in San Francisco.
During the regular session, the technology index,
which had underperformed other sectors following the election,
was up 1.1 percent. Facebook shot up 4.1 percent, giving
the Nasdaq its biggest boost, after the company announced a
$6-billion share buyback program late Friday.
Tech deals also boosted sentiment in the sector and the
LifeLock surged 14.7 percent after Symantec
said it would buy the identity theft protection company
for $2.3 billion. Symantec rose 3.2 percent.
Applied Micro Circuits jumped 11.7 percent after Macom
Tech said it would buy its fellow chipmaker for $770
million. Macom was off 4.1 percent.
Among the bigger decliners, Tyson Foods shares fell
14.5 percent after the meat processor forecast a
lower-than-expected 2017 profit and said its CEO would step
About 6.7 billion shares changed hands on U.S. exchanges,
below the 8.1 billion daily average for the past 20 trading
days, according to Thomson Reuters data.
NYSE advancing issues outnumbered decliners 2.99-to-1; on
Nasdaq, a 1.45-to-1 ratio favored advancers.
The S&P 500 posted 42 new 52-week highs and 3 new lows; the
Nasdaq Composite recorded 249 new highs and 24 new lows.
(Additional reporting by Yashaswini Swamynathan in Bengaluru;
Editing by Savio D'Souza, Nick Zieminski and Chris Reese)