The Nasdaq Hits Record High, S&P Turns Positive, As Official Arbiter Announces Recession

The Nasdaq Hits Record High, S&P Turns Positive, As Official Arbiter Announces Recession:

The major U.S. stock indexes rose again Monday even as the official referees of the economy announced the U.S. had entered into a recession.
The Nasdaq Composite rose 1.13 percent to a new record high. The S&P 500 climbed 1.2 percent, turning positive for the year. The Dow Jones Industrial Average moved up 1.7 percent to 27,572.