Wall Street Rises on Megacap Growth Stocks Ahead of Busy Earnings Week

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Wall Street,Indexes,Megacap Growth Stocks

Wall Street's main indexes rose on Monday, boosted by megacap growth stocks ahead of a busy week of earnings and interest rate decisions from major central banks, including the Federal Reserve.

Oct 30 - Wall Street's main indexes rose on Monday, boosted by megacap growth stocks ahead of a busy week of earnings and interest rate decisions from major central banks, including the Federal Reserve.

Apple , Pfizer and Eli Lilly would be some of the major Wall Street companies reporting later in the week.The Fed is widely expected to keep interest rates unchanged at the end of its policy meeting on Nov. 1, according to the CME Group's FedWatch tool, but concerns linger that interest rates could stay higher for longer in the face of a resilient U.S. economy.

Meanwhile, Israeli troops and tanks attacked Gaza's main northern city from the east and west on Monday. At 11:28 a.m. ET, the Dow Jones Industrial Average was up 286.36 points, or 0.88%, at 32,703.95, the S&P 500 was up 20.47 points, or 0.50%, at 4,137.84, and the Nasdaq Composite was up 71.25 points, or 0.56%, at 12,714.26.

 

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