Wall Street closes higher; DJIA and S&P post 7-day win streak

The US stocks market closed Monday with gains after recovering initial losses on the back of concerns above weakness in China and Europe. The Dow closed at record high for 5th straight day.

The Dow Jones advanced 50.22 points or 0.35% to close at 14,447.29. The S&P 500 added 5.04 points or 0.32% to finish at 1,556.22 and the Nasdaq Composite gained 8.50 points oe 0.26% to end the day at 3,252.87.