Dow Jones trades near 2-month high amid optimism Fed is finished raising rates

U.S. stocks edged higher Monday to begin a holiday-shortened week, as investors remained cheered by expectations that the Federal Reserve has finished raising rates.

What’s happening

U.S. stocks closed higher Friday, with the Dow, S&P 500 and Nasdaq Composite each rising for a third straight week. The S&P 500 surged 9.6% over the past three weeks, its largest three-week percentage gain since June 2020, according to Dow Jones Market Data.

What’s driving markets

The…