The S&P 500 Index ($SPX) (SPY) Monday closed up by +0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.31%.
Stocks on Monday edged higher, with the Dow Jones Industrials climbing to a new all-time high. Optimism that the Fed can achieve a soft landing for the economy is lifting stock prices today. Minneapolis Fed President Kashkari and Chicago Fed President Goolsbee said today that they support additional Fed rate cuts this year.
