Stock market today: Wall Street rises toward records ahead of a big week for central banks

NEW YORK — Stocks are rising Monday ahead of a busy week for central banks around the world that could dictate where interest rates go.

It's possible that the Fed could keep its main interest rate near its current level through this year, according to Joe Davis, Vanguard's chief global economist. The investment giant recently raised its baseline 2024 outlook for the U.S. economy to see no recession, but it also raised its forecast slightly for underlying inflation trends.

On Wall Street, Nvidia rose 2.6% as it kicked off its annual conference for developers. Analysts say the widespread expectation is for Nvidia to unveil its next generation artificial-intelligence architecture, along with the growing use cases for AI. On the losing end of Wall Street was Hertz Global Holdings, which skidded 7.5% to bring its loss for the year so far to 32.4%. Its chair and CEO, Stephen Scherr, will resign at the end of March. The company named Wayne “Gil” West as its CEO. He’s a former executive at Cruise, the self-driving car company, and at Delta Air Lines.

In the bond market, the yield on the 10-year Treasury was holding steady at 4.31%, where it was late Friday.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stock market today: US stocks mixed as Wall Street watches and waitsStocks have lost momentum as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street pulls back from its record after a shaky dayNEW YORK (AP) — Wall Street pulled back from its record heights following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 slipped 0.7% Friday from its all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts near its records amid a worldwide market lullNEW YORK (AP) — Stocks are drifting around their records on Wall Street, as a lull carries through financial markets worldwide. The S&P 500 was little changed in early trading Wednesday, a day after setting an all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts to a mixed close, holding near record levelsNEW YORK (AP) — Stocks drifted to a mixed close on Wall Street as a lull carried through financial markets worldwide. The S&P 500 edged down 0.2% Wednesday, a day after setting an all-time high. The Dow Jones Industrial Average rose 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »