Stocks Rally as Bond Yields Fall Before FOMC Meeting
The S&P 500 Index (DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.84%. September E-mini S&P futures (ESU25) rose +0.43%, and September E-mini Nasdaq futures (NQU25) rose +0.80%. Stock indexes rallied on Monday, with the S&P 500 and Nasdaq 100 posting new all-time highs. Falling bond yields are supportive for stocks ahead of the Tue/Wed FOMC meeting, when the Fed is expected to cut interest rates by ...