US STOCKS-Wall Street holds on to gains; Fed policy meeting eyed

Wall Street's main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. The U.S. central bank is likely to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, but its statement will provide insight into the impact of the U.S.-China trade war, President Donald Trump's push for a rate cut and weaker economic data on monetary policy. Markets expect a cut in interest rates as early as July, and the S&P 500 index has risen 5% so far in June on the hope, but the rally lost steam in the past week.

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