From Google: 2024-09-17 17:47:03

The S&P 500 continued its winning streak, inching higher as investors awaited the Federal Reserve’s interest rate decision. The index closed at a record high of 4,500.88.

Investors are closely monitoring the Fed’s upcoming decision on interest rates, which is expected to provide insight into the central bank’s plans for monetary policy moving forward. The decision is scheduled to be announced on Wednesday.

Economic data released Tuesday showed that U.S. retail sales fell 1.1% in August, a larger decline than expected by economists. This raised concerns about the strength of consumer spending, a key driver of economic growth.



Read more at Google: Markets News, September 17, 2024: S&P 500 Inches Higher to Extend Winning Streak as Fed Interest Rate Decision Looms – Investopedia