Stock market today: S&P 500 secures another record as huge week on Wall Street kicks off

All three major indexes closed higher on Monday — with the S&P 500 notching another record — as investors braced for a Federal Reserve policy decision and key inflation data in the week ahead. The Dow Jones Industrial Average finished the day up about 0.2%, coming off a muted end to a winning week for the three major gauges. The benchmark S&P 500 and tech-heavy Nasdaq Composite each rose about 0.3% and 0.4%, respectively.

Trader expectations for a cut in September have fallen, while those for November have risen, according to the CME FedWatch tool. Read more: How does the labor market affect inflation? Investors are now looking ahead to the Fed's next rate decision and May's Consumer Price Index inflation reading, both due on Wednesday, which will provide another big test for stocks. Investors have also kept a watchful eye on potential fallout from political upsets in Europe.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stock market today: Nasdaq, S&P 500 turn higher ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks turn higher as huge week on Wall Street kicks offInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street hold steady at the start of a busy weekNEW YORK (AP) — U.S. stocks are holding relatively steady ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates. The S&P 500 fell 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: US stocks edge lower ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures stay put ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »