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US stocks rallied on Monday, as megacaps lifted Nasdaq higher ahead of the US Federal Reserve’s meeting this week.

At 9:34 a.m. ET, the Dow Jones Industrial Average was up 150.05 points, or 0.39%, at 38,864.82, the S&P 500 was up 49.30 points, or 0.96%, at 5,166.39, and the Nasdaq Composite was up 218.65 points, or 1.37%, at 16,191.82.

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