The index moved back above 7,600 during the session and stood just 20 points below its all-time high.
The S&P 500 climbed 1.5% on the session and cleared 7,600 for the first time since June 3, putting the benchmark equity index within 20 points of its all-time high. The move signals a sharp rebound toward record territory as broad U.S. stock market sentiment strengthens.