Stocks Gain as Traders Weigh Another Big Rate Cut: Markets Wrap
- Intel, Constellation Energy among US stocks advancing
- Equal-weighted and blue-chip benchmarks close at records
US equities eked out a gain as traders parsed commentary from Federal Reserve policymakers and saw scope for further easing after last week’s half a percentage point interest-rate cut.
The S&P 500 advanced 0.3%, a whisker away from last week’s all-time high as Fed officials reflected on the central bank’s policy path. In a sign that the market’s gains may be broadening out, an equal-weighted version of the benchmark — that gives Bath & Body Works Inc. the same sway as Nvidia Corp. — rose 0.5% to close at a record. The Dow Jones Industrial Average also closed at a record while the Nasdaq 100 rose 0.3%.