US Markets Continue to Trade Higher

US markets closed at record highs again on Monday, led by financial companies.

The Dow Jones gained 0.28% or 63 points to close at 22,331.35. The wider S&P 500 index hit 2,503.87, up 0.15% or 3.64 points and the Nasdaq hit 6,454.64, rising 6.17 points or 0.1%.

Policymakers are expected to hold interest rates steady, while providing more detail about plans to unwind its portfolio of securities, including US Treasuries.

JPMorgan Chase rose by means of 1.4%, bank of the us climbed 1.3%, while Goldman Sachs gained about 1%.

Among other shares, Orbital ATK noticed its shares bounce by about 20% after the missile and rocket maker agreed to be bought with the aid of Northrop Grumman for $7.8bn. Northrop Grumman rose about 3.4%. Toymakers together with Mattel saw their shares fall, amid reviews that Toys R Us is bearing in mind filing for bankruptcy protection. Mattel shares slipped by means of 6.3%.

Investors are trying to await response to a Federal Reserve meeting later this week.

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