NEW YORK (TheStreet) -- Wall Street is making this look easy. The Dow Jones Industrial Average and S&P 500 clocked another day of record closing highs, the latest win in a three-week rally, despite the absence of any market-moving news. This marks the fourth consecutive trading session of record highs for the Dow.
Watch the video below for a closer look at how U.S. markets ended the trading day Monday:
The broader S&P 500 has rallied to record highs in its best three weeks since October 2011 and analysts predict markets will continue to climb through to year's end. The benchmark index could rally a further 2.4% to close out the year at 2,080, according to Oppenheimer analysts.
"With elections in the rearview mirror, Ebola being dealt with (or at least off page one of the daily business section), improving fundamentals and double digit 3Q earnings growth for the S&P 500 underpinning sentiment, investors will likely now turn to year-end house-keeping chores," said John Stoltzfus, Oppenheimer chief investment strategist, in a note.
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"[Those] include some profit taking, tax-loss harvesting, portfolio rotation along with pondering what lies ahead beyond the holidays," Stoltzfus added.
By market close Monday, the Dow climbed 0.23%, the S&P added 0.31% and the Nasdaq popped 0.41%. Meanwhile, Chinese e-commerce site Alibaba (BABA) spiked nearly 4% on the site's sales action.
Shares of Alibaba surged to a post-IPO record high after generating $2 billion in the first hour of its Singles Day promotion, China's highest-grossing online shopping day.