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Stocks could take another leg higher into year end, after the four major market indexes all closed at record highs — a bullish sign.

"Anytime you get confirmation with all four indices getting record closes, that usually leads to additional buying," said Paul LaRosa, chief technician at Maxim Group.

The S&P 500 was the last index to break out to a new high, rising 0.8 percent Monday to close at 2198. The Russell 2000 continued its rally, rising for a 12th day, with a half percent to 1,322. The Nasdaq, helped by a jump in tech, rose 0.9 percent to 5368, and the Dow edged close to 19,000 — gaining a half percent to 18,956.

Energy stocks led the gains, rising 2 percent. Crude oil jumped about 4 percent on optimism that OPEC and other producers would come to an agreement on production. West Texas Intermediate futures rose to $47.48 per barrel.

"20,000 would be the target" on the Dow, LaRosa said. That target is not necessarily for this year. "It just seems like money is flowing into this market. People are repositioning. People are encouraged that more investment will come into the United States. Money will come from overseas. Regulation will be lifted. Right now, the light is green," he said.

The last time the Dow, Nasdaq and S&P all closed...


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