Wall Street records record closing levels, and the market awaits the Federal Reserve meeting


Wall Street’s S&P 500 and Nasdaq hit record closing levels on Monday, boosted by optimism about earnings from major technology companies that will announce results this week, but caution ahead of the Federal Reserve’s monetary policy meeting limited market gains.
The Federal Reserve begins a two-day meeting tomorrow, Tuesday, and attention will focus on whether the central bank will raise any new concerns about rising inflation when it concludes its meeting on Wednesday, according to Reuters.
In June, the Fed signaled it might start raising interest rates twice in 2023, sooner than previously expected.
The Dow Jones Industrial Average ended the trading session up 83.36 points, or 0.24 percent, to 35,144.91 points, while the benchmark Standard & Poor’s 500 index rose 10.51 points, or 0.24 percent, to close at 4422.30 points.
The Nasdaq Composite Index closed up 3.72 points, or 0.03 percent, to 14,840.71 points.


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