Stock market today: Nasdaq hits a record high as mega-cap tech surges before the Fed meeting kicks off

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• The Nasdaq hit a record high, driven by a surge in mega-cap tech stocks on Monday.
• The Federal Reserve is expected to cut interest rates by 25 basis points this week.
• Investors are eyeing November Core PCE data on Friday to gauge future Fed policy.

US stocks traded mostly higher on Monday, with the Nasdaq Composite jumping more than 1% to an all-time high.

The gain in the Nasdaq and the S&P 500 was driven by a surge in mega-cap tech stocks...