NEW YORK — The Dow Jones industrial average logged its highest close of the year Monday after investors shrugged off early jitters about China's latest efforts to cool down its housing market. The Standard & Poor's 500 and the Nasdaq composite also advanced.
The Dow Jones industrial average rose 38.16 points, or 0.3 percent, to close at 14,127.82.
The Standard & Poor's 500 index rose 7 points, or 0.5 percent, to 1,525.20.
The Nasdaq composite rose 12.29 points, 0.4 percent, to 3,182.03.
For the year:
The Dow is up 1,023.68 or 7.8 percent.
The S&P 500 is up 99.01, or 6.9 percent.
The Nasdaq composite is up 162.52, or 5.4 percent.