U.S. stocks closed higher on Monday, with the S&P 500 at a record, as Wall Street weighed when the Federal Reserve would begin curbing its monetary stimulus and tracked budget negotiations on Capitol Hill.
Federal Reserve Bank of Richmond President Jeffrey Lacker on Monday said he expects a taper discussion at next week's Federal Open Market Committee meeting, while St. Louis Fed President James
The speeches came before Fed officials go into their "blackout" period before the two-day FOMC gathering that starts next Tuesday.
American Airlines Group's shares climbed after the U.S. Supreme Court declined to grant a stay that would have blocked the merger of American Airlines parent AMR and U.S. Airways, now the nation's largest airline. CEO Doug Parker told CNBC on Monday that it's difficult to say whether consolidation in the industry would take a breather.
Sysco shares rallied after the food-distribution company said it would
Shares of McDonald's slid after