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Dow resets record high, S&P 500 drifts lower

Timothy MooreBefore the Bell editor

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The Dow reset its record closing high paced by Chevron and Visa, while both the S&P 500 and Nasdaq Composite ended modestly lower. The latest personal income and spending data added evidence to the Federal Reserve’s optimism about a soft landing.

  • On Wall St at 4pm: Dow +0.3% S&P -0.1% Nasdaq -0.4%
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/us-stocks-drift-data-bolsters-fed-pivot-20240928-p5ke6d