S&P 500, Nasdaq hit record highs at start of US Fed meeting week

S&P 500, Nasdaq Hit New Highs Ahead Of Fed Rate Meeting

Wall Street stocks gained Monday with the S&P 500 and Nasdaq reaching new records on hopes that the US Federal Reserve will cut interest rates at its policy meeting this week.

Wall Street Climbs Ahead Of Fed Meeting; Nasdaq Hits Record High

Investors are closely monitoring the Federal Reserve's two-day policy meeting, set to conclude Wednesday. Market expectations are high for a 25 basis-point interest rate cut, with the probability of

S&P 500, Nasdaq hit record highs at start of US Fed meeting week

The S&P 500 and the Nasdaq hit intraday record highs on Monday, beginning the week with the Federal Reserve’s policy meeting on a strong note, while Tesla shares gained following CEO Elon Musk’s stock purchase. The electric vehicle maker jumped 5.8 per cent to its highest since late January after regulatory filings revealed Musk had acquired nearly US$1 billion worth of Tesla’s stock on Friday. This week, the Fed’s rate decision will take centre…

Wall Street indexes end higher ahead of Fed meeting

Tesla shares have climbed and Google has raced past $US3 trillion in market capitalisation as Wall Street gained ahead of a key Federal Reserve meeting.