The S&P 500 and Nasdaq topped their record closes once again on Monday, bolstered by technology stocks, as last week’s dovish comments from the Federal Reserve on tapering its monetary stimulus refocused investors’ minds on economic growth. It was the fourth record closing high in five sessions for the S&P, and the fifth in six sessions for the Nasdaq, runs only interrupted by jitters ahead of Fed Chair Jerome Powell’s Jackson Hole speech. Ultimately, these worries were unfounded as Powell said on Friday the central bank would continue to be cautious in its approach to tapering its massive pandemic-era stimulus, while reaffirming a steady economic recovery. “It’s now clear that there’s going to still be an extraordinary amount of support for this economy, probably until November,” said Ed Moya, senior market analyst for the Americas at OANDA. “Some investors are thinking that tapering might not even start this year, but …
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