Stocks narrowly eked out fresh record levels as traders awaited a key monetary policy decision from the Federal Reserve. The S&P 500 pushed into positive territory in the final minutes of trading, logging a fresh record close. The Dow ended lower, while the Nasdaq gained and set its own record closing level. Treasury yields advanced, and the benchmark 10-year yield hovered just below 1.5%. Cheryl Smith, Economist, Portfolio Manager, Trillium Asset Management and Robert Dye, Comerica Bank Chief Economist, joined Yahoo Finance Live to discuss.
Julia Pollak, ZipRecruiter Labor Economist, joins Yahoo Finance to discuss the impact of states ending jobless benefits and the impact of the labor market on the U.S. recovery.
U.S. stock indexes finish mostly higher Monday, with tech shares lifting the Nasdaq Composite and S&P 500 to fresh record closes, as investors ready for an important meeting of the Federal Reserve this week.