The seemingly relentless rally on Wall Street drove US stocks to more records on Monday.

The S&P 500 rose 0.4 per cent after erasing a modest loss from the morning. The Dow Jones Industrial Average added 66 points, or 0.1 per cent, and the Nasdaq composite climbed 0.7 per cent. It’s the third straight day where all three indexes set an all-time high.

“Every time the market seems to be running out of momentum, it fools most of us by pushing to higher heights,” said Jay Woods, chief market strategist at Freedom Capital Markets.

The Australian sharemarket is set to climb, with futures at 6.17am AEST pointing to a rise of 15 points, or 0.2 per cent, at the open. The ASX rose 0.4 per cent on Monday. The Australian dollar was fetching US65.99¢ at 6.33am AEST.

A familiar face was again the

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