Stock market news today: Stocks rise slightly after huge week of gains

more than expected and wage inflation cooled, cementing optimism for an end to Fed interest rate increases that persisted into the new week.Investors will be listening out for confirmation when several Fed officials step up to speak this week, including two appearances by Chair Jerome Powell. Regional Fed Presidents John Williams and Raphael Bostic are among those on the docket.

Later this week, the Biden administration will advance efforts to deescalate tensions with China over economic and national security issues. Treasury Secretary Janet Yellen will meet with China's Vice Premier He Lifeng, the top economic official in China, during a two-day bilateral summit in San Francisco, the department

But the analysis that shows a largely robust picture coincides with other data on investor behavior that signals pessimism. At the end of last month, for instance, the equity strategy team at Bank of America Global published research showing that companies beating expectationsover the week following these reports. During this period of volatility companies that have revealed their latest results to investors were faring even worse.

"They tend to lag late in economic cycles and so there's really a sense when times get dicey that's when you want to go bargain hunting in the small cap space in particular," Calvasina told Yahoo Finance Live on Monday.many are seeing at the surface proliferate into a period of slower economic growth, small caps"tend to price in economic problems ahead of time," Calvasina wrote in a research note out Monday.

"Hugh’s well-earned reputation as one of the best CFOs in America and his wealth of leadership experience in both financial and operational roles overseeing a diverse portfolio of top global brands make him a perfect addition to Disney’s senior leadership team," Iger said in a press release.

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Stock market today: Wall Street drifts in early trading as recent sharp moves calm a bitNEW YORK (AP) — Stocks are drifting in early trading as Wall Street’s wild recent moves calm a bit. The S&P 500 was up 0.3% in its first trading after careening from months of sharp losses to its best week of the year.
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