US stocks closed higher on Monday (September 15), driven by gains in technology stocks after President Donald Trump indicated that U.S.-China trade talks were progressing well, and investors awaited the Federal Reserve's decision on Wednesday.
The S&P 500 rose 0.4% to close above 6,600 for the first time, the Nasdaq 100 gained 0.8%, also extending its record high, and the Dow Jones Industrial Average rose about 50 points. Tesla jumped 3.6% after CEO Elon Musk announced a nearly $1 billion stock purchase, his largest-ever public stock purchase, while Alphabet rose 4.3% to reach a $3 trillion valuation, boosting the communications services sector.
Nvidia closed flat, paring earlier losses after Chinese regulators found the company had violated antitrust laws, while Texas Instruments fell 2.4% amid news of a Chinese anti-dumping probe into the U.S. analog chipmaker. (alg)
Source: Trading Economics
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