Fed chair Janet Yellen is scheduled to conclude the meeting with a press conference at 2:00pm ET (1800 GMT) on Wednesday.Yellen said last month the case for a rate increase had strengthened. The S&P real estate index debuted on Monday with a 0.44% rise.Shares of casino operator Isle of Capri jumped 28.5% on Monday after Eldorado Resorts said it would buy the company for US$1.7bil, including debt. Eldorado’s stock dropped 22.7%.General Motors was the top percentage gainer on the S&P 500, up 2.52% at US$31.76, after Morgan Stanley upgraded the stock to “overweight”.US electrical components distributor Avnet was up 7.2% at US$42.11 after it announced the sale of its IT business to tech products distributor Tech Data Corp for about US$2.6bil. Tech Data’s stock soared 17.2%.Advancing issues outnumbered decliners on the NYSE by 2,271 to 418. On the Nasdaq, 1,698 issues rose and 659 fell.The S&P 500 index showed five new 52-week highs and two new lows, while the Nasdaq recorded 50 new highs and seven new lows.

Source: The Star September 19, 2016 15:15 UTC