Dec 16 - The S&P 500 and the Nasdaq rose on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week as well as several key data releases for clues on monetary policy next year.
Both the Nasdaq 100 , and the Nasdaq Composite , touched fresh record highs, while the small-cap Russell 2000 , jumped 0.8%. With a rate cut all but priced in, investors' primary focus will be on policymakers' outlook for next year as bets moderate on the pace of rate cuts amid strong economic growth and persistent inflation.
S&P Global's December flash PMI showed manufacturing activity stood at 48.3, while services activity was at 58.5, above estimates of 55.7. Honeywell International , gained 3.3% after the industrial conglomerate said it was exploring a separation of its aerospace business.
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