US Stocks Close Higher With Fed Rate-Cut Expected: Markets Wrap
- Fed, BOJ, BOE all due to announce policy decisions this week
- US stock performance stands in contrast to Asia, Europe losses
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US stocks broadly ended Monday’s session higher as traders geared up for interest-rate decisions by major central banks across the globe due later this week.
The S&P 500 rose 0.4% while the Nasdaq 100 gained 1.5% to notch another record high. Broadcom Inc. and Tesla Inc. were among the biggest gainers of the session. The 10-year Treasury yield was little changed at 4.40%. Bitcoin hit a fresh record.