Wall Street saw off an early bout of profit-taking on Monday as investors looked for clues to the US Federal Reserve's next interest rate move.

Stock indices pulled back at the start of trading in New York after setting fresh records yet again on Friday following the Fed's resumption of interest rate cuts.

The stock market is "likely experiencing a profit-taking breather", Briefing.com analyst Patrick O'Hare said ahead of the opening bell, noting that the S&P 500 index had gained 3.2 percent in September and the Nasdaq Composite 5.5 percent in a streak of record-setting sessions.

But investors only briefly needed to catch their breath, with stocks climbing into positive territory in morning trading as the S&P 500 and Nasdaq Composite set fresh all-time highs.

Global equities have enj

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