S&P 500, Dow Jones Post Record High Close, Asian Markets Trade Largely Higher; Flat Start On D-St?

US stock market ended higher on Monday with the S&P 500 and the Dow Jones posting record high close.
The Dow Jones Industrial Average gained 17.15 points, or 0.04%, to 42,330.15, while the S&P 500 rose 24.31 points, or 0.42%, to 5,762.48. The Nasdaq Composite ended 69.58 points, or 0.38%, higher at 18,189.17.
Asian markets traded mixed on Monday after the comments from US Fed Chair Jerome Powell signaled smaller interest rate cuts.
Japan’s Nikkei 225 gained 1.07%, after plunging 4.8% in the previous session, while the Topix rose 0.88%. Markets in South Korea, Hong Kong and mainland China are closed.
Gift Nifty was trading around 26,000 level, a premium of nearly 10 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.
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