And still more winning - the S&P 500, the broadest stock market measure closed at ALL TIME RECORD HIGHS today! Via CNBC.
The S&P 500 rose to a new all-time intraday high on Tuesday, aided by gains in Big Tech, as traders awaited earnings from companies in the sector. Traders also looked ahead to the Federal Reserve’s first rate decision of the year, due Wednesday.
The broad market index gained 0.41% and posted a closing record of 6,978.60, while the Nasdaq Composite climbed 0.91% to end at 23,817.10.
Looming this week is the Fed’s first policy decision of the year. The central bank is widely expected to keep its key rate at a target range of 3.5% to 3.75%, but traders will search for clues on when future cuts may come. Fed funds futures trading still suggests there could be two quarter percentage point cuts by the end of 2026, according to the CME FedWatch Tool.
S&P 500, Nasdaq close higher
The S&P 500 and Nasdaq Composite finished Tuesday’s session with gains, with the former scoring a fresh closing record.
The broad market index rose 0.41% to end the day at 6,978.60, while the tech-heavy Nasdaq gained 0.91% to 23,817.10. The Dow Jones Industrial Average shed 408.99 points, or 0.83%, however, falling to 49,003.41.
Again via CNBC.
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