Stock Market Today: Dow hits a fresh record high ahead of the key Fed meeting
Investing.com-- U.S. stocks traded in mixed fashion on Monday as investors hunkered down before a Federal Reserve meeting this week where the central bank is likely to start a rate-cutting cycle.
Markets were also somewhat nervous following reports of a second attempted assassination attempt on Republican presidential candidate Donald Trump, although the former president was unharmed.and is widely expected to begin trimming interest rates, although traders are largely split over the scale of the potential cut.Wednesday’s move is likely to set the tone for the Fed’s plans to begin easing monetary policy, as it grapples with some concerns over a cooling economy and labor market.
The Brent contract gained 1.9% to $72.94 per barrel, while U.S. crude futures traded 2.3% higher at $69.29 a barrel. That said, Chinese economic data released over the weekend pointed to more economic weakness in the world’s biggest oil importer, while Gulf of Mexico crude production resumed following Hurricane Francine, even if nearly a fifth ofScan QR code to install app
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