Dow jumps 120 points to close just shy of 35,000 on earnings optimism on Joe Biden’s 174th day in office

The Dow Jones Industrial Average closed just shy of 35,000 as investors grew more optimistic ahead of second-quarter earnings reporting season set to kick off this week.

The Dow rose 126.02 points, or 0.4% to 34,996.18, a new record close. The S&P 500 added 0.4% to 4,384.63, also a record close. The Nasdaq Composite traded up 0.2% to a new closing high of 14,733.24. The S&P 500′s gain for the year so far now totals more than 16%.