US stocks traded with little movement on Monday as the market awaited new catalysts this week and incoming clues regarding the Federal Reserve's monetary policy outlook. The S&P 500, Nasdaq 100, and Dow Jones were all relatively flat and remained near record highs reached last week. Minutes from this week's FOMC meeting and Jackson Hole Symposium are likely to provide clues regarding the direction of interest rates.
Equities have been supported by bets on multiple rate cuts by the Fed this year, fueled by concerns about a weaker labor market and expectations of disinflation following a CPI release that did not reflect tariff triggers. Chipmakers and stocks exposed to AI bets generally edged higher, with Nvidia rising 0.5% and remaining near its record despite President Trump's export controls. Additionally, shares of retail giants were mixed ahead of their earnings releases this week. On the political front, European Union leaders and Ukrainian President Zelensky are scheduled to meet after Trump's summit with Russian President Putin over the weekend. Source: Newsmaker.id
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