U.S. stocks were lower Monday, beginning a week that follows new record highs on the S&P 500 and NASDAQ indices.
The S&P moved up slightly Friday to eclipse its all-time record high by fractions of a point, while the NASDAQ soared past its previous high attained in March 2000.
This week brings the moment many experts have been waiting for—the latest word from the Federal Reserve on the timing of the first interest rate hike in almost 10 years. Some believe that an increase in rates could signal ‘the beginning of the end’ for the bull market run on Wall Street.
On Monday, markets lagged ahead of the announcement of Apple’s first-quarter earnings, due after the closing bell today. A positive or negative report could play a considerable role in determining market direction in these final days of April.
Here are the final numbers from Monday on Wall Street:
Dow Jones Industrial Average: 18,037.97 (-42.17)
NASDAQ: 5,060.25 (-31.84)
S&P 500: 2,108.92 (-8.77)