US stocks gained after temporarily turning negative on Monday to kick off a big week filled with a Federal Reserve rate decision, the jobs report, and Big Tech earnings. The Dow Jones Industrial Average recovered earlier losses to hover near the flatline, coming off a surge of over 650 points for the blue-chip index on Friday. The S&P 500 gained 0.4% while the tech-heavy Nasdaq Composite rose 0.6%.
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.
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:
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: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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 »
Stock market news today: Tech roars back as S&P 500, Nasdaq surgeInvestors 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 »
Stock market news today: S&P 500, Nasdaq post sharpest weekly losses since April amid tech routStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: Stocks slip en route to sharp weekly losses for S&P 500, NasdaqStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: S&P 500, Nasdaq futures tumble as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »