(CNBC) — U.S. stocks closed higher on Monday, with the Dow Jones industrial average and S&P 500 ending at new records, as investors shook off earlier concerns about Greek debt and a renewed rise in bond yields. (Tweet This)
"The decision today by markets is the path of least resistance is up and today's data didn't change our view about whether or not we get a (second-quarter economic) bounce," said John Canally, investment strategist and economist at LPL Financial.
The major indices extended gains in afternoon trade after earlier fluctuating around the flatline.
"Some people (were) a little bit on the sidelines and they're going back into stocks because they don't want to miss out," said Robert Pavlik, chief market strategist at Boston Private Wealth.