16 Sep 2025 | 5 Mins Read
Stocks rise as Fed meeting approaches
Flipitmoney
The S&P 500 and Nasdaq notched intraday record high closes on Monday, with the Dow also closing higher. Tesla surged 3.6% after Elon Musk acquired nearly $1 billion in stock. Alphabet hit a record high, surpassing $3 trillion in market capitalization. The Federal Open Market Committee's meeting on September 16-17 is expected to bring a 25-basis-point rate cut.