Stocks closed higher on Monday to kick off a big week filled with a Federal Reserve rate decision, the monthly jobs report, and earnings from more "Magnificent Seven" tech heavyweights. The S&P 500 rose 0.3%. The tech-heavy Nasdaq Composite gained more than 0.3% as Tesla shares surged 15% amid upbeat news related to the EV giant's Full Self Driving technology in China. The Dow Jones Industrial Average , which has fewer tech components, rose about 0.3%.
While the central bank is expected to hold rates steady at a 23-year high, debate is raging over the timing and even likelihood of a cut in 2024. In focus is whether Fed policymakers will backtrack on their earlier projection for a significant easing in borrowing costs. Traders have already scaled back their bets, and the April jobs report that rounds off the week could move the needle again.
Nederland Laatste Nieuws, Nederland Headlines
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