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Stock market news today: Stocks edge higher with Fed hopes still in play

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Confidence that the Fed is done with rate hikes is still encouraging investors into stocks.

rose about 1.5%, on track for its longest stretch of gains since the start of the year, while the benchmark S&P 500 executive Hugh Johnston will be the new senior executive vice president and chief financial officer of the media giant, effective Dec. 4.

"His expertise will serve Disney and its shareholders well as we continue the transformative work we are doing to drive growth and value creation."Tesla, BioNTech, and Dish Network: Stocks trending in premarket trading Shares fell by over 6% on Monday. It reported revenue of $3.7 billion for the third quarter, versus $4.1 billion in the same period a year ago. Also, the group’s CEO, Erik Carlson, said he would step down.The major US stock gauges were set to build on last week's gains on Monday amid increased investor confidence that the Federal Reserve is done with rate hikes.

 

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