Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.
The S&P 500 added 0.6% Monday, coming off its first back-to-back weekly losses since October. It pulled close to its all-time high set early last week. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite climbed 0.8%. Big technology stocks led the way once again.
Treasury yields ticked higher ahead of an announcement by the Federal Reserve scheduled for Wednesday. The central bank will give its latest projections for where it sees interest rates heading this year.
On Monday:
The S&P 500 rose 32.33 points, or 0.6%, to 5,149.42
The Dow Jones Industrial Average rose 75.66 points, or 0.2%, to 38,790.43.
The Nasdaq composite rose 130.27 points, or 0.8%, to 16,103.45.
The Russell 2000 index of smaller companies fell 14.59 points, or 0.7%, to 2,024.74.
For the year:
The S&P 500 is up 379.59 points, or 8%.
The Dow is up 1,100.89 points, or 2.9%.
The Nasdaq is up 1,092.10 points, or 7.3%.
The Russell 2000 is down 2.34 points, or 0.1%.
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