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US stocks climb, pushing market back near record levels; Cognizant jumps on earnings

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NEW YORK — Stocks are closing slightly higher, putting the U.S. market close to record high.

The Standard & Poor's 500 rose six points, or 0.3 percent, to 2,114 Monday. That's three points short of the record high it closed at on April 24.

PHOTO: FILE - This Oct. 8. 2014 photo shows a Wall Street address on the side of a building in New York. U.S. stocks opened higher Monday, May 4, 2015, pushing stocks to record levels, as investors assessed corporate earnings.  (AP Photo/Mark Lennihan, File)
FILE - This Oct. 8. 2014 photo shows a Wall Street address on the side of a building in New York. U.S. stocks opened higher Monday, May 4, 2015, pushing stocks to record levels, as investors assessed corporate earnings. (AP Photo/Mark Lennihan, File)

The Dow Jones industrial average rose 46 points, or 0.3 percent, to 18,070. The Nasdaq composite rose 11 points, or 0.2 percent, to 5,016.

Cognizant Technology Solutions jumped 6 percent, the most in the S&P 500, after the consulting company reported earnings that beat analysts' forecasts. Cognizant also raised its earnings and sales outlook for the year.

Crude oil fell 22 cents to close at $58.93 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.14 percent.

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