The S&P 500 climbed to a fresh closing high on Monday as traders looked to build on last week’s gains following the Federal Reserve’s interest rate cut.

The broad market index added 0.28% to end at 5,718.57, while the Dow Jones Industrial Average gained 61.29 points, or 0.15%, to close at 42,124.65. Both indexes closed at records. The Nasdaq Composite ticked up 0.14% to 17,974.27.

ASX to ease a touch. SPI Futures down 9 points (-0.11%).

COMMODITIES

• FTC set to greenlight Chevron's $53bn buy of oil rival Hess, sources say.
• Crude oil prices sink as Iran's new president says he is prepared to ease tensions with Israel.
• Oil settles lower on weak euro zone business activity.
• Aluminium steadies after touching 10-day low.
• Gold strikes record high as Fed rate cut maintains bullish mood.

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