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S&P, Nasdaq muted as markets brace for inflation data, Fed meeting

Published by
Reuters

By Shristi Achar A and Johann M Cherian (Reuters) – The S&P 500 was muted and Nasdaq inched lower on Monday in the run-up to an action-packed week that includes the Federal Reserve’s policy meeting and inflation data, both of which will test investor optimism about monetary policy easing next year. The upbeat sentiment around stabilizing interest rates and robust quarterly earnings caused equities to rebound towards the end of the year, with the benchmark S&P 500 hitting its highest intra-day level of the year. The S&P 500 and Nasdaq also notched their highest closing since early 2022 on Frida…

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