Stock market today: Wall Street drifts in mixed trading at the start of a frenetic week

NEW YORK — Stocls are mostly rising at the start of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 was 0.2% higher in early trading Monday, coming off its first back-to-back weekly losses since April. The Dow Jones Industrial Average slipped 71 points, or 0.2%, and the Nasdaq composite was up 0.5%.

Since the Federal Reserve began raising interest rates in March 2022 to counter inflation, he added, “the big market blunder has been prematurely anticipating rate cuts — way too early and far too aggressively. It’s like expecting dessert before finishing the main course.” McDonald's ticked up less than 1% before markets opened Monday despite the burger chain posting weak second-quarter sales. Sales at locations open at least a year fell 1% worldwide across every company segment in the April-June period, the first decline since the final quarter of 2020 when the pandemic shuttered stores. In the U.S., same-store sales fell nearly 1%.

The Japanese yen was slightly firmer against the U.S. dollar on early Monday, but then reversed direction, with the dollar trading at 153.91 yen, up from 153.72 yen.Shares in Fuyao Glass, a manufacturer of automotive glass, fell 5.9% after reports said one of Fuyao Glass America's facilities in Moraine, Ohio, was raided by U.S. law enforcement agencies on Friday. “Fuyao America will fully cooperate with the investigation by the U.S.

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