Stocks rise, Nasdaq at record high as Fed decision, data awaited

By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) – The S&P 500 and the Nasdaq rose on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week as well as several key data releases for clues on monetary policy next year. The Fed’s final rate decision of the year is due on Wednesday, with traders pricing in an over 99% chance of a 25 basis point