U.S. Stock Market Today: Dow, S&P 500 and Nasdaq Mixed at Midday as Fed Rate Cut Looms
U.S. stocks hovered near record highs at midday Monday as traders awaited the Federal Reserve’s rate decision, with futures pricing in an 85%–90% chance of a quarter-point cut. The Dow slipped 0.2%, the S&P 500 was flat, and the Nasdaq edged up 0.2%. IBM’s AI acquisition and sharp biotech and semiconductor moves added to the day’s activity.