US stocks rose ahead of a big week filled with a Federal Reserve rate decision, the jobs report, and Big Tech earnings. The Dow Jones Industrial Average erased early trading gains, coming off a surge of over 650 points for the blue-chip index on Friday. The S&P 500 added about 0.2%, while the tech-heavy Nasdaq Composite rose roughly 0.5%.
No move is expected from the Federal Reserve at the end of its meeting on Wednesday, despite signs the US economy and inflation have hit a sweet spot. Many on Wall Street see other reasons for the central bank to wait until September to act.
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