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S&P, Nasdaq Poised to Halt Winning Streak But Dow Floats Higher to Head for Record

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The S&P 500 and the Nasdaq Composite were set to halt a six-day stretch of wins as financial and consumer discretionary stocks gave back ground while a surge in oil prices kept the Dow Jones Industrial Average in the green and heading for a new record high close.

An agreement by non-OPEC producers to curb oil output sent benchmark crude futures rallying, and investors looked ahead to the Tuesday start of the Federal Open Market Committee's monetary policy meeting. While it's widely expected that interest rates will be raised, analysts are looking to clues from the FOMC about how many more hikes there might be later in 2017.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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