S&P 500, Nasdaq reach new highs as stocks prep for Fed, CPI

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The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) cannot be stopped even on the slowest days as the two indices close at yet another set of record highs. The Dow Jones Industrial Average (^DJI) fell by 120 points in Tuesday’s session as stocks prepare for Wednesday’s eventful agenda: May CPI data (Consumer Price Index) and the Federal Reserve’s June monetary policy decision.