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The S&P 500 rose slightly on Monday as investors awaited a key Federal Reserve meeting slated for this week.
The Dow Jones Industrial index regained 47.81 points to begin the week at 43,875.57, hoping to end its losing streak of seven straight sessions.
The much-broader index recovered 24.28 points to 6,075.77
The tech-heavy NASDAQ jumped 152.06 points to 20,078.78.
The broad market index traded 0.3% higher, and the NASDAQ advanced 0.5%. The Dow hovered around the flatline. The Dow entered the session riding a seven-day losing streak. Noticeably absent from the Nasdaq’s trend higher was artificial intelligence darling Nvidia, which pulled back 2%. Shares of Apple, Tesla and Google-parent Alphabet all traded marginally higher.
The Fed set to begin its two-day policy meeting Tuesday. It’s expected to cut rates by a quarter-point at its conclusion on Wednesday. The key for investors will be forward guidance on future policy moves.
The stock market is coming off a sluggish week. The Dow lost 1.8% last week and has lost ground in each of the last seven sessions. The S&P 500 dipped 0.6%, and has retreated in four of the past five sessions. The NASDAQ outperformed, grinding out a gain of 0.3% for the week.
Prices for the 10-year Treasury poked up, lowering yields to 4.38% from Friday’s 4.39%. Treasury prices and yields move in opposite directions.
Oil prices dropped 20 cents to $71.09 U.S. a barrel.
Prices for gold settled $4.40 an ounce to $2,681.40 U.S.
