News Live: Govt eyes infra spending cuts as GST glitches hit revenue

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  • The SP 500 ended slightly higher on Monday as financial stocks rose ahead of a Federal Reserve meeting, but the Nasdaq pared gains sharply as technology stocks lost ground late in the session. However, the Dow still clocked a closing record for the fifth day in a row while the SP had a closing record for the second consecutive session. The Dow Jones Industrial Average rose 63.01 points, or 0.28%, to 22,331.35, the SP 500 gained 3.64 points, or 0.15%, to 2,503.87 and the Nasdaq Composite added 6.17 points, or 0.1%, to 6,454.64.