US stocks end higher ahead of Fed, bitcoin surges
6 days, 17 hours ago

US stocks end higher ahead of Fed, bitcoin surges

Live Mint  

By Stephen Culp NEW YORK - Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Investors will scrutinize the Fed's Summary of Economic Projections and its "dot plot," which maps out the central bank's future rate cut path, which has become less certain in light of recent data showing sticky inflation amid a relatively robust economy. The STOXX 600 index fell 0.12%, while Europe's broad FTSEurofirst 300 index fell 1.38 points, or 0.07 Emerging market stocks fell 4.42 points, or 0.40%, to 1,102.59. MSCI's broadest index of Asia-Pacific shares outside Japan closed lower by 0.38%, to 583.19, while Japan's Nikkei fell 12.95 points, or 0.03%, to 39,457.49.

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