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.
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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.
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