When Independence Day is in the middle of the week, it's natural for investors to extend their weekend. That made Monday's preholiday trading session a relatively quiet one, as many market participants seemed content to take the day off and prepare for Tuesday's fireworks outside the stock market. Modest gains came for the Nasdaq Composite (NASDAQINDEX: ^IXIC), Dow Jones Industrial Average (DJINDICES: ^DJI), and S 500 (SNPINDEX: ^GSPC) alike, as a favorable summer sentiment among many investors continued to build momentum.

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Source Fool.com