U.S. Stocks Trade Near Record as Investors Weigh Fed, Politics
Jacobsen: Market High Hopes Became Low Expectations
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U.S. stocks were little changed, with the S&P 500 Index near a record high, as investors assessed the likelihood of an upcoming interest rate hike by the Federal Reserve, as well as political developments over the long weekend in the U.S.
The S&P 500 Index slipped less than 0.2 percent to 2,410.75 at 9:50 a.m. in New York, while the Dow Jones Industrial Average lost 21 points to 21,062. The S&P 500 inched higher on Friday after data showed the economy grew more than expected in the first quarter.