Stock market today: Global shares mostly rise to start a week full of earnings, Fed meeting

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, April 30, 2024, in Tokyo. Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week.– Global shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week.

In Japan, the government reported stronger than expected gains in industrial production with a seasonally adjusted 3.8% rise in March from the previous month. Markets are also eyeing the U.S. Federal Reserve in addition to a slew of earnings reports that about a third of the companies in the S&P 500, including heavyweights Amazon and Apple, are reporting this week.have traders expecting fewer interest rate cuts this year. The Federal Reserve announces its latest policy decision Wednesday, and could offer clues on when the rate cuts might come. Its main interest rate is at its highest level since 2001.

The hope on Wall Street is that the job market will remain strong enough to help the economy avoid a recession but not so strong that it feeds upward pressure into inflation.

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