[BRIEFING.COM] Although the S&P 500 (-0.1%) and Nasdaq Composite (flat) spent the majority of the day beneath their baselines, steady improvement throughout the afternoon has them positioned to challenge yesterday's all-time closing highs to go along with this morning's record intraday highs.
Market focus now squarely turns to the outcome of the ongoing FOMC meeting, which will be announced tomorrow afternoon with a press conference to follow.
Politico reports that the House has narrowly passed a measure ceding tariff authority to President Trump, which will prevent the House from voting on bills that challenge the president's tariff authority.