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Al Jazeera
Al Jazeera
Business

US stock market hits new record ahead of interest rates decision

United States Interest Rates Stock Market US Federal Reserve Apple Microsoft the Federal Reserve
The US stock market is at a record high [Spencer Platt/Getty Images via AFP]

The US stock market has hit record highs ahead of the Federal Reserve’s latest decision on interest rates.

The S&P 500, which tracks the stock performance of 500 of the largest publicly traded companies, gained 0.3 percent on Monday, closing at 5,360.79.

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