NEW YORK (AP) — Boeing helped the stock market edge higher Monday, extending a scorching start to July. The plane maker’s stock was one of the standouts as the Standard & Poor’s 500 index rose for an eighth straight day, its longest streak of gains since January.
The gains continued a hot streak for the market this month. Stocks rose to record levels last week after Federal Reserve Chairman Ben Bernanke said the central bank would not ease its stimulus before the economy was ready.
Small-company stocks had the biggest gains Monday. That’s a sign investors are becoming confident in taking on more risk in exchange for the possibility of greater returns.