S&P 500 Pauses Ahead of Fed; Meme Stocks Jump – The Wall Street Journal

Broad U.S. stock indexes wavered ahead of the Federal Reserve meeting, but below the surface a frenzy broke out among meme stocks popular with individual investors.

The S&P 500 and the Dow Jones Industrial Average edged down 0.1% and 0.2% respectively Wednesday, while the technology-heavy Nasdaq Composite Index rose around 0.1%. On Tuesday, the Dow closed above 36000 for the first time, while the other two indexes also set record highs.

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