U.S. share benchmarks joined European stocks in hitting new highs Monday as optimism built that some of the market’s biggest risks are easing.

The Dow Jones Industrial Average climbed 100 points, or 0.4%, to 28235, while the S&P 500 added 0.7%. The Nasdaq Composite rose 0.9%. All three indexes hit intraday records.

Overseas, the Stoxx Europe 600 index gained 1.4% to reach a new high, its first in four years, and the Shanghai Composite Index closed up 0.6%.

Fresh data showed that Chinese economic activity, including factory production and consumer spending, improved in November. The better-than-expected results may help alleviate investors’ concerns about growth in the world’s second-largest economy. Read more at WSJ