Dow, S&P 500 take aim at fresh records to start the week

E-mini Dow Jones Industrial Average

Other markets: Asian markets closed mixed, while European stocks (http://www.marketwatch.com/story/european-stocks-slip-as-traders-wait-for-fed-rate-update-2017-09-19) were slightly higher. The major index futures are now pointing to a higher open for the markets, with the Dow futures up by 10 points.

With traders looking ahead to tomorrow's monetary policy announcement by the Federal Reserve, stocks are turning in a relatively lackluster performance during trading on Tuesday. Forecasters expect the Federal Reserve to leave interest rates unchanged and stick to plans to raise rates in December, Associated Press reported.

On the USA economic front, the Commerce Department released a report showing an unexpected decrease in new residential construction in the month of August.

The Dow rose 63.01 points or 0.3 percent to 22,331.35, the Nasdaq inched up 6.17 points or 0.1 percent to 6,454.64 and the S&P 500 edged up 3.64 points or 0.2 percent to 2,503.87.

Trump's week anchored by speech to UN General Assembly
North and South Korea remain technically at war after their 1950-53 conflict ended in an armistice instead of a peace treaty. North Korea will be high on the agenda for world leaders this coming week at the annual meeting of the U.N.

On the data front, US housing starts totaled 1.18 million in July, slightly above the expected 1.175 million.

The import-price index (http://www.marketwatch.com/story/cost-of-imported-goods-surge-in-august-led-by-fuel-2017-09-19) jumped 0.6% last month to match the biggest increase since January, largely due to higher oil prices.

Shares of Kohl's climbed, up 2.2 percent as of 2.09pm in NY, after the department store operator it will offer free returns for Amazon customers starting in October.

Nike (NKE.N) fell 1.62 percent, pulling the Dow down the most, after a slew of price target cuts by brokerages on concerns about intensifying competition from Adidas (ADSGn.DE).

McDonald moves up at final major
LPGA tour , had seven birdies and two bogeys for a two-round total of 8-under-par 134, one back of Thailand's Moriya Jutanugarn . I'm really happy for her. "I just keep trying". "Putted well and I am delighted with the score". "But it was a cool experience".

In Europe, France's CAC 40 was up 0.1 percent at 5,234 while Germany's DAX was 0.1 percent lower at 5,234.

The report said export prices also rose by 0.6 percent in August following a 0.5 percent increase in the previous month.

Sprint (S) and T-Mobile (TMUS) posted standout gains following a report from CNBC that the companies are in active talks about a merger.

Stocks continued to grind higher, sending both the S&P 500 and the Dow to new all-time highs, while the Nasdaq touched a new intraday high but failed to notch a new record close following a late selloff in tech stocks (-0.3%). The advance lifted the index to its best closing level in over a month. However, Japan's Nikkei 225 Index jumped by 2%. Hong Kong's Hang Seng fell almost 0.4 per cent to 28,051.41, while the Shanghai Composite dipped 0.2 per cent to 3,356.84. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by less than a basis point at 2.238%.

Harry Dean Stanton, Actor and WWII Veteran, Dies at Age 91
Showtime's Twin Peaks revival recently concluded its third season, with no plans to bring it back for yet another season. In a statement, the actor's rep said that he is survived by his family and all of those people who love him.

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