Stocks closed higher Monday, with the upside fueled by massive gains from several Magnificent 7 stocks. Wall Street is also looking forward to this week's Federal Reserve meeting, hopeful for clues on the central bank's rate-cut plans.
At the close, the Dow Jones Industrial Average was up 0.2% at 38,790, the S&P 500 was 0.6% higher at 5,149, and the Nasdaq Composite had gained 0.8% to 16,103.
