North American markets posted record closes Monday, as investors cheered continued merger and acquisition announcements.

The S&P/TSX composite index gained 95.26 points, or 0.69%, to 13,865.51, setting a record for the second-consecutive session.

Six of the 10 TSX main sub-groups were down.

The materials sector moved ahead 3.73%

U.S. aluminum giant Alcoa announced a hostile US$33 billion bid for Alcan. On the TSX, Alcan shares rose $23.02, or 34.08%, to $90.57, on a volume of about 21 million shares

In New York trading, Alcoa shares rose 8.3%.

The gold sub-index moved up 0.21%. Gold futures moved up 70¢ to close at US$690.40.

The energy sector gained 0.01%. Light, sweet crude futures fell 46¢ to US$61.47.

Husky Energy Inc. gained 95¢, or 1.09%, to $88.29.

The financials sector gained 0.24%. National Bank of Canada gained 14¢, or 0.22%, to $63.77.

The Canadian dollar gained 0.47 of a cent to US90.76¢.

The junior S&P/TSX Venture composite index moved up 22.06, or 0.66%, to 3,369.79.

In New York, the Dow Jones industrial average posted a fresh record high for the fifth straight session on merger activity, but other markets posted mixed results.

The Dow gained 48.35 points, or 0.36%, to 13,312.97, a new record close. Meanwhile, the tech-heavy Nasdaq composite index fell 1.20, or 0.05%, to 2,570.95, the S&P500 moved ahead 3.86, or 0.26%, to 1,509.48.