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.

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