Stock market today: Asian shares are mixed, with Chinese shares falling, ahead of Fed rate decision

Asian shares are mixed, with Hong Kong and Shanghai declining, ahead of a decision by the Federal Reserve this week on interest rates. U.S. futures slipped and oil prices edged higher. On Monday, the S&P 500 gained 0.8% to set another record. The Dow Jones Industrial Average climbed 0.6% and the Nasdaq composite jumped 1.1%. Gains for stocks accelerated as Treasury yields eased in the bond market. Later this week, five Big Tech companies will report their latest results. Five members of that group, nicknamed “the Magnificent Seven,” will report their latest quarterly profits this upcoming week: Apple, Alphabet, Amazon, Meta Platforms and Microsoft.