The S&P 500 climbed to a record high close on Monday after tropical storm Irma caused less damage than expected in Florida and North Korea did not test-fire missiles over the weekend as some had feared.

The Dow Jones Industrial Average .DJI rose 259.65 points, or 1.19 percent, to 22,057.44, the S&P 500 .SPX gained 26.68 points, or 1.08 percent, to 2,488.11 and the Nasdaq Composite .IXIC added 72.07 points, or 1.13 percent, to 6,432.26.

Monster storm Irma, which ripped a deadly path through the Caribbean, started to weaken Monday though it was still whipping parts of Florida with fearsome winds and rain, leaving 6.2 million people without power.