NEW YORK (Reuters) - The Dow and the S&P 500 stalled after hitting record highs on Monday as investors kept their focus on economic stimulus prospects from the Federal Reserve.
The S&P 500 briefly broke above 1,800 for the first time in history, while the Dow managed to climb above 16,000, which was a first for the blue-chip average.
The Nasdaq Composite approached 4,000, a level it hasn't seen since September 2000. The round numbers on major levels could provide some technical resistance at first, but clearing them could prompt more buying from investors and managers eager to chase performance.
The S&P 500 briefly broke above 1,800 for the first time in history, while the Dow managed to climb above 16,000, which was a first for the blue-chip average.
The Nasdaq Composite approached 4,000, a level it hasn't seen since September 2000. The round numbers on major levels could provide some technical resistance at first, but clearing them could prompt more buying from investors and managers eager to chase performance.
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