Stock indexes are rising in afternoon trading on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.6% Monday.

The S&P 500 climbed 0.7% in morning trading after erasing an initial drop. The Dow Jones Industrial Average was up 311 points, or 0.7%, as of 10:40 a.m. Eastern time, while the Nasdaq composite gained 0.7%.

Wall Street is making history in more ways than one. This has been nothing short of a banner year for Wall Street. Whereas the stock market has historically delivered average annual gains of around 10%,