Wall Street rises with S&P 500 reaching new high

U.S. shares increased on Monday trading session with the benchmark stock index Standard & Poor's rising towards the new all-time high on speculation that the country's economy may rise despite a scale back of the Fed's stimulus program. The S&P 500 Index gained 0.8% to 1,851.02 as of 9:57 a.m. New York time after it dropped 0.1% last week.