Stock market today: Wall Street is mixed ahead of the last Fed meeting of the year

NEW YORK — U.S. stock indexes are mixed ahead of a meeting by the Federal Reserve later this week that could set Wall Street’s direction into next year. The S&P 500 rose 0.3% in early trading Monday, coming off its first losing week in the last four. The Dow Jones Industrial Average was little changed, while the Nasdaq composite rose 0.5%. MicroStrategy, which has been building a hoard of bitcoin, rose after the cryptocurrency set another record.

The price of the cryptocurrency has surged since the election in November given U.S. President-elect Donald Trump's bitcoin-friendly stance. Trump signaled a lighter regulatory approach to digital currencies with his choice of crypto advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Bitcoin was trading below $70,000 before the Nov. 5 election.

Japan's Nikkei 225 index was almost unchanged at 39,457.49, while the Hang Seng in Hong Kong lost 0.9% to 19,795.49.South Korea's Kospi lost 0.2% to 2,488.97 as South Korean law enforcement authorities were pushing to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree and the Constitutional Court met to discuss whether to remove him from office or reinstate him.Taiwan's Taiex edged 0.1% higher, while the Sensex in India fell 0.5%.

The S&P 500 ended essentially flat, down less than 0.1%, posting a loss for the week after three straight weekly gains.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street ends mixed after a bumpy weekStock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago.
Source: SooToday - 🏆 8. / 85 Read more »

Wall Street set for mixed open; Nvidia earnings, Fed policy in focusThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: Wall Street is off to a mixed start as Big Tech stocks fallNEW YORK (AP) — Stocks are off to a mixed start on Wall Street as losses for Big Tech companies offset gains elsewhere in the market. The S&P 500 was down 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street holds steady ahead of inflation reportNEW YORK (AP) — U.S. stock indexes are drifting in the runup to the latest update on inflation due out Wednesday. The S&P 500 was flat early Tuesday, a day after pulling back from its latest all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street gets back to climbing, sending Nasdaq to a recordNEW YORK (AP) — Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens higher as it heads for a winning weekNEW YORK (AP) — Stocks are opening higher on Wall Street, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.1% in early trading Friday. The Dow Jones Industrial Average climbed 65 points, or 0.
Source: SooToday - 🏆 8. / 85 Read more »