S&P 500 rises as Dow, Nasdaq fall with Fed’s rate path in focus

News Snapshot:

US stocks were mixed on Tuesday to begin a holiday-shortened week of trading, with potential policy moves by the Federal Reserve and President Donald Trump in focus. The Dow Jones Industrial Average (^DJI) and tech-heavy Nasdaq Composite (^IXIC) dropped around 0.2% and 0.1% respectively, while the benchmark S&P 500 (^GSPC) rose nearly 0.1% to trade near an all-time high. Stocks on Wall Street are cautious after Monday's closure for Presidents Day as investors debate the future path of interest rates. Fed officials over the long weekend signaled a firm belief that rates should stay at current levels to combat rising...