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Stock market: Dow sets record as Wall Street gears up for a cut to interest rates [Video]

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NEW YORK — The Dow Jones Industrial Average set a record after a quiet Monday of trading, as Wall Street geared up for the most anticipated meeting of the Federal Reserve in years.

The Dow rose 228 points, or 0.6%, to surpass its prior all-time high set a few weeks ago. The S&P 500 index, which is much more comprehensive and widely followed on Wall Street, ticked up by 0.1% to climb within 0.6% of its own record set in July.

The American flag hangs from the front of the New York Stock Exchange on Sept. 10, 2024, in New York.

AP Photo/Peter Morgan, File

The Nasdaq composite slipped 0.5% as big technology stocks and other market superstars gave back a bit of their big gains from recent years.

Most stocks rose on Wall Street, and Oracle’s gain of 5.1% helped lead the market. The software company continued a strong run that began last week with a …

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