US stocks closed higher on Monday, keeping major indexes at record levels.
Retailers posted solid gains ahead of the holiday shopping season. Coach rose 2.6% after analysts at Stifel said the company was on the right track to strengthen its brand.
Big phone company stocks fell. Verizon lost 1.4% and AT&T declined 1.6%.
The Standard & Poor’s 500 index gained six points, or 0.3%, to 2,069.
The Dow Jones industrial average edged up seven points, less than 0.1%, to 17,817. The Nasdaq composite rose 41 points, or 0.9%, to 4,754.
The Dow and S&P 500 are at record highs.
Trading volume was light ahead of the Thanksgiving holiday on Thursday.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.30%.