S&P 500 set for all-time high after Dow Jones Industrial Average sets own record

US stocks are rallying to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse.

The major stock averages surged Monday, with the Dow closing at a record high, as Amazon eclipsed $3 trillion in market cap for the first time.

Wall Street rallied sharply on Monday, with the Dow hitting a record high as easing oil prices and strong tech earnings lifted investor sentiment. The Dow gained over 1%, while…