The Dow set a record, rising 228 points to surpass its prior all-time high, while the S&P 500 climbed within 0.6% of its record, showing market optimism.
Despite the gains, the Nasdaq composite slipped 0.5% due to big tech stocks giving back some gains, indicating volatility remains a concern for investors.
Traders expect significant impact from the forthcoming Federal Reserve meeting, with increasing bets on a half-percent cut in interest rates, a move that could provide relief.
The mixed performance of stocks, with gains in sectors like software and mining overshadowed by declines in major tech companies, reflects underlying uncertainties in the market.
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