Stock market today: Wall Street drifts as bitcoin jumps to another record

U.S. stock indexes are drifting ahead of a meeting by the Federal Reserve later this week that could set Wall Street’s direction into next year. The S&P 500 rose 0.2% in early Monday trading. The Dow Jones Industrial Average added 17 points, and the Nasdaq composite rose 0.4%. MicroStrategy, which has built a hoard of bitcoin, rose after the cryptocurrency jumped to another record. Treasury yields eased in the bond market ahead of Wednesday’s Fed meeting, where officials are expected to cut interest rates again and give details about where they see rates heading next year.