NASDAQ, S&P 500 scale fresh record highs

US stock indices rose on Monday as investors closely watched the upcoming Federal Reserve meeting.

Wall Street received support from comments by US President Donald Trump on Truth Social, saying that talks with the Chinese were going well, noting an agreement had been reached with Beijing regarding TikTok.

The Fed meeting will begin on Tuesday and conclude on Wednesday, with broad expectations for a 25-basis-point rate cut, amid Trump’s pressure to accelerate borrowing cost reductions.

According to the CME FedWatch tool, markets are pricing a 99.6% probability of a 25-basis-point cut, versus only 0.4% odds of leaving rates unchanged.

In trading, the Dow Jones Industrial Average was flat at 45,832 points as of 16:39 GMT, while the broader S&P 500 rose 0.5% (31 points) to 6,615. The Nasdaq Composite gained 0.8% (188 points) to 22,328.