Facebook stock hits another all-time high

Facebook is ending the year on a high note.

The company's stock hit a new all-time high of $81.89 a share in midday trading Monday, an increase of about 2.5% on the day, which pushed the social networking company's market cap to nearly $230 billion

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The surge in Facebook stock came amid a broader market rally that continued into Monday. The Dow Jones Industrial Average was up as much as 0.47% in early trading. The Standard & Poor's 500 was essentially flat on the day, but still hovering near an all-time high.

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