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Post by bot on Dec 11, 2017 16:19:53 GMT -5
Dow, S&P 500 end at records as bitcoin marks first day of futures trading
The S&P 500 index and Dow industrials closed at fresh records on Monday, as the world's most prominent virtual currency, bitcoin, made its futures debut on Sunday and as investors awaited the Federal Reserve's next policy update in coming days. The Dow Jones Industrial Average closed up 0.2% at 24,386, while the S&P 500 index finished 0.3% higher at 2,659. Both indexes marked fresh all-time highs. The Nasdaq Composite Index, meanwhile, ended up 0.5% at 6,875, less than a percentage point from its record closing high. The moves for equities come as investors await a key policy decision from the Federal Reserve on Wednesday. Separately, bitcoin futures were seen as adding a modicum of legitimacy to its parabolic rise after the Cboe Global Markets Inc. launched futures trading on its exchange late Sunday, with bitcoin trading on Monday going off with few glitches, despite a pair of trading halts on Sunday.
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