US stocks opened the week mostly higher, with the S&P 500 up 0.2%, the Nasdaq up 0.5%, and the Dow Jones holding near the flatline. Investors are focused on the Fed's policy decision, with another 25bps rate cut widely anticipated.
The market will also be watching the latest economic projections, particularly the prospect of a rate cut in 2025. Several key economic indicators are also due this week, including the S&P Global PMI, retail sales, and PCE report.
On the corporate side, Broadcom shares rose 5.5%, extending Friday's nearly 24% surge that pushed the chipmaker's market capitalization to $1 trillion for the first time, following strong quarterly results.
Additionally, MicroStrategy rose more than 2% as the company will join the Nasdaq effective December 23. Also, Honeywell shares rose 1.9% after the company said it was considering selling its aerospace division. On the other hand, Nvidia fell 1.8%.
Souorce: Trading Economics
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