(CNBC) — U.S. stocks rose on Monday, with the S&P 500 positioned for a record finish, as the benchmark extended gains after its best weekly performance in nearly two months.
"The U.S. economy seems to be on a steady path upward amid robust job reports and consistent industrial production gains. The unemployment rate has fallen below 6 percent for the first time since the recession. Also, falling commodity prices, specifically crude oil, are leaving more money in consumers' wallets, Bill Stone, chief investment strategist at PNC Asset Management, noted in emailed research.
"Generally, we think these positive economic trends could be enough to garner a visit from Old St. Nick," added Stone, referring to the phenomenon known as the Santa Claus rally.
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