U.S. Stocks Close At Records; Dow Closes Just Shy Of 20,000

By Joseph AdinolfiMarketsMarketWatch Pulse

All three of the main U.S. stock benchmarks notched record closes on Wednesday as investors braced for the Federal Reserve's December interest-rate announcement, set for Wednesday at 2 pm. Eastern. The Dow Jones Industrial Average, which finished higher for a seventh straight day, gained 114.50 points, or 0.6%, to 19,910.93, closing within striking distance of the psychologically-important 20,000 level. Tech stocks like Intel Corp. and Apple Inc. were among the best performers on the blue-chip gauge. Meanwhile, the S&P 500 index advanced 14.73 points, or 0.7%, to 2,271.69, with tech and energy shares leading the index higher. The Nasdaq Composite Index rose 51.29 points, or 1%, to 5,463.83. The Fed is widely expected to raise interest rates for the second time since the financial crisis, with market-based indicators pricing in a nearly 100% chance of a hike.

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