U.S. Equities closed a whisker higher after treading water for most of the session as markets braced for an onslaught of central bank news this week. The US Dollar strengthened to its highest level since mid-June and Treasuries slipped. The S&P 500 Index perked up just before the close yesterday, with gains in technology shares helping to offset a slump in materials and consumer staples. So-called FAANG shares — including Amazon.com Inc. and Facebook Inc. — led advancers in the equity benchmark. Trading may stay choppy ahead of key testimony this afternoon from Federal Reserve Chair Jerome Powell as observers assess prospects for easing following conflicting signals on the global economy. Stock and bond investors are struggling to find fresh reasons to chase this year’s rallies, but an interest rate cut by the Fed this month is already priced and recent economic data has been mixed, making the path for future policy less clear.
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