Stock market news today: US stocks rise as investors await Fed decision, Apple earnings

was also up around 0.8% in the wake of a downbeat week driven by mixed results for Big Tech earnings.

With a GM deal likely in place, the next steps will include the UAW’s GM national committee voting on approving the agreement, before submitting the deal to a full member vote.The S&P 500's recent nose dive has stock market bulls feeling skittish about if stocks can regain their 2023 mojo. On Aug. 1 Stoltzfus boosted his year-end price target to 4900 from 4400, citing a stronger than expected US economy. That narrative has largely played out with the labor market still remaining tight and the US recently posted its best annualized growth for a quarter in nearly two years.

Stoltzfus noted that the recent move lower in stocks isn't out of the ordinary for a Fed hiking cycle and the turbulence caused by increased tensions in the Middle East also aren't unusual. He thinks valuations are nearing attractive levels again, and for now the strong economy story remains a tailwind for equities.) shares were up about 1% on Monday after the fast food giant reported third quarter earnings that beat expectations as higher menu prices boosted sales growth.

CEO and President Chris Kempczinski said the results demonstrate the company's"strength as the industry leader" in the release.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall St eyes higher open as investors await Fed rate verdict, more earningsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Futures advance as investors await Fed rate verdict; more earnings on tapKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Investors More Focused on Apple Earnings Than Federal Reserve MeetingInvestors are concerned about Apple's upcoming earnings report as the company faces a slump in smartphone sales and a decline in revenue for a fourth consecutive quarter. The stock is already struggling, erasing about $460 billion in market value. If Apple shows weakness, it could have a ripple effect on other stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks rise as eyes turn to big week of eventsInvestors are bracing for the Federal Reserve decision and Apple earnings later in the week.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Apple earnings, Fed decision, and Jobs data highlight big week: Yahoo Finance LiveInvestors are bracing for a massive week on Wall Street. Pfizer (PFE), Caterpillar (CAT), Starbucks (SBUX), and Roku (ROKU) are among the top names reporting...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »