US stock market hits new record ahead of interest rates decision
Al Jazeera
S&P 500 gains 0.3 percent ahead of US Federal Reserve’s latest decision on interest rates.
The US stock market has hit record highs ahead of the Federal Reserve’s latest decision on interest rates.
The S&P 500, which tracks the stock performance of 500 of the largest publicly traded companies, gained 0.3 percent on Monday, closing at 5,360.79.
The Nasdaq Composite Index, which is heavily weighted towards tech giants such as Apple and Microsoft, rose 0.4 percent to 17,192.53.
Diamond Offshore Drilling and Southwest Airlines were among the market’s biggest individual gainers, surging 10.9 percent and 7 percent, respectively.
Among the major tech players, Microsoft, Amazon and Nvidia closed up 0.95 percent, 1.5 percent and 0.75 percent, respectively.
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