Major indexes gained on Monday, with the S&P 500 and Dow hitting record closing highs, as U.S. stocks capped off a strong month and quarter.

U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession.

U.S. stocks are hanging near their records following a wild start to the week for financial markets in Asia. The S&P 500 was down 0.1% in early Monday trading, coming