Global markets began the new trading week in fine fashion following the latest positive updates on the eurozone economy.
A measure of German business confidence soared more-than-expected to its highest level since July 2011.
Other data showed eurozone inflation rising in January, reducing the threat of a deflationary spiral.
The developments on the eurozone were enough to propel the S&P500 to a new intra-day all-time high. The benchmark index put on 12 points (+0.6%) to 1848.
Elsewhere, the Dow climbed 104 points (+0.6%) to 16207 and the Nasdaq added 30 points (+0.7%) to 4293.
There were gains all round in commodity markets, with gold rising to its highest settlement in almost four months.
In currency markets, the Aussie dollar climbed versus the greenback amid lingering speculation the recent run of mixed US data will impact the Fed’s tapering plans.
There is no major economic data due for release today.