U.S. stocks closed higher on Monday as investors looked ahead to a key Federal Reserve meeting. Wall Street also cheered a big defense industry deal.
The Dow Jones industrial average gained 65 points and posted its fifth straight record close. Boeing and Caterpillar contributed the most to the gains. The index finished the session at 22,331.35.
The S&P 500 also closed at an all-time high of 2,503.87, rising 0.1 percent, as financials led advancers. The Nasdaq composite hit an intraday record before closing 0.1 percent higher at 6,454.64.
The three major indexes also posted record highs last week, with the S&P breaking above 2,500 for the first time on Friday's closе.
Market participants are largely expecting interest rates to remain unchanged. But Wall Street is expecting the Fed to announce the unwinding of its $4.5 trillion balance sheet.
Тhe data is expected at Wednesday at 21:00 .
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.