U.S. stock indexes drifted through mixed trading 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 0.4 percent Monday. The Dow Jones Industrial Average slipped 0.3 percent, and the Nasdaq composite rose 1.2 percent to a record.
Tech stocks led the way, and Broadcom helped lead the market again amid excitement about its artificial-intelligence offerings.
Bitcoin hit a record above $107,000 before pulling back, while Treasury yields held relatively steady in the bond market ahead of Wednesday’s Fed meeting. The widespread expectation is for another cut to rates.
On Monday:
The S&P 500 rose 22.99 points, or 0.4 percent, to 6,074.08.
The Dow Jones Industrial Average fell 110.58 points, or 0.3 percent, to 43,717.48.
The Nasdaq composite rose 247.17 points, or 1.2 percent, to 20,173.89.
The Russell 2000 index of smaller companies rose 15.10 points, or 0.6 percent, to 2,361.99.
For the year:
The S&P 500 is up 1,304.25 points, or 27.3 percent.
The Dow is up 6,027.94 points, or 16 percent.
The Nasdaq is up 5,162.54 points, or 34.4 percent.
The Russell 2000 is up 334.92 points, or 16.5 percent.
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