Megacaps lift Nasdaq, S&P 500 ahead of Big Tech earnings, Fed verdict

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 37 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 119%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

July 29 - The Nasdaq and the S&P 500 rose on Monday, buoyed by megacap stocks as investors awaited Big Tech results, a Federal Reserve policy decision and crucial labor numbers this week.

The S&P 500 Consumer Discretionary , index led sectoral gains with a 0.9% rise, boosted by a 4.4% jump in Tesla's , shares after Morgan Stanley added the EV maker's stock to its U.S. autos list as a"top pick". The next test for markets are earnings from Microsoft, Meta, Apple and Amazon.com, starting on Tuesday, which investors will watch to gauge if the AI-led equity rally has room to grow.

The Russell 2000 small-cap index , was up 0.1% after a three-week winning streak, just shy of levels last seen more than two-and-a-half years ago. A slew of employment reports this week, including the Non-farm Payrolls, will be scrutinized for insight into a somewhat easing labor market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Stock market news today: Tech roars back as S&P 500, Nasdaq surge ahead of earningsInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »