Stocks hit record high, dollar stabilizes ahead of Fed rate call

Government

NEW YORK, Jan 28 : Global stocks climbed to an intraday record high for a third straight session, while the U.S. dollar showed signs of stabilizing after a sharp drop in the prior session ahead of a Federal Reserve interest rate decision on Wednesday. U.S. stocks were higher in the early stages of trading on Wall Street, with the S&P 500 crossing 7,000 for the first time ahead of earnings from megacap companies Microsoft, Tesla and Meta Platforms after the closing bell, while results from Apple

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