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Stock Market Today: Dow racks up swashbuckling gains as big tech shows strength

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Stock Market Today: Dow racks up swashbuckling gains as big tech shows strength

Investing.com -- The Dow racked up gains to close higher Monday, as big tech led the broader move higher ahead of quarterly earnings from Apple due later this week, and the Federal Reserve’s interest rate decision slated for Wednesday.) is expected to report results for its June quarter - typically a seasonally weak quarter for the company - on Thursday after the market closes, with many Wall Street eager for insight into iPhone sales amid reports of slowing demand.

The terms agreement are similar to the recent accord signed by Ford and Stellantis with the UAW, including wage hikes and cost of living allowances.Treasury yields rose on Monday as investors awaited the Treasury refunding announcement due Wednesday, which details its plans for note and bond sales. Ahead of the announcement, the Treasury Department lowered its net borrowing estimate for the October through December quarter to $776 trillion from the $852 billion amount it had forecast in late July.

 

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