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The
S&P 500 rose close to its own record, but was held back by
losses in Big Tech companies like Apple and Nvidia. The Dow
added 0.6% Monday, the S&P 500 rose 0.1%, and the Nasdaq
composite fell 0.5%.
The mixed results came ahead of the most anticipated meeting of
the Federal Reserve in years. More traders are betting that the
Fed will cut its main interest rate Wednesday by a
larger-than-usual amount in a bid to shore up the economy.
On Monday:
The S&P 500 rose 7.07 points, or 0.1%, to 5,633.09.
The Dow Jones Industrial Average rose 228.30 points, or 0.6%, to
41,622.08.
The Nasdaq composite fell 91.85 points, or 0.5%, to 17,592.13.
The Russell 2000 index of smaller companies rose 6.68 points, or
0.3%, to 2,189.17.
For the year:
The S&P 500 is up 863.26 points, or 18.1%.
The Dow is up 3,932.54 points, or 10.4%.
The Nasdaq is up 2,580.77 points, or 17.2%.
The Russell 2000 is up 162.10 points, or 8%.
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