(CNBC) — U.S. stocks tallied slight gains on Monday, with benchmark indexes again closing at records, as investors pondered the strength of the economy and policy moves by the Federal Reserve.
"Investors are feeling a little more confident, and fundamentals are positive. There is still a lot of risk out there from unexpected bad news, but as long as we're not getting any," the market bias is upward, said Gary Thayer, chief macros strategist, Wells Fargo Advisors.
"We're still seeing some follow through from the good news we got last week from the European Central Bank, which made investors more comfortable with where multiples are, as we had a major central bank acting like they want to do more stimulus, which offset concerns some have had about Fed tapering," Thayer added.
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