REUTERS: The S&P 500 paused on Monday below an all-time high as investors awaited cues from the Federal Reserve's meeting this week amid caution over rising borrowing costs spurred by massive fiscal stimulus.
Wall Street's main indexes on Friday logged their best week in six as approval of a US$1.9 trillion relief package and mass vaccinations fueled demand for economy-linked stocks such as banks, energy, materials at the cost of high-growth tech names. At the end of Fed's two-day meeting on Wednesday, policymakers are expected to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades while reiterating their dovish stance for the foreseeable future.
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