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Wall Street rises to start a week full of earnings reports and a Fed meeting

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U.S. stocks ticked higher Monday to begin a week packed with potentially market-moving reports. The Standard & Poor's 500 rose 16.21 points, coming off its best week since November.

U.S. stocks ticked higher Monday to begin a week packed with potentially market-moving reports. The Standard & Poor's 500 index rose 16.21 points, or 0.3%, to 5,116.17, coming off its best week since November. The Dow Jones industrial average added 146.43 points, or 0.4%, to close at 38,386.09, and the Nasdaq composite gained 55.18 points, or 0.3%, to 15,983.08.

This week’s Fed meeting won’t include the publication of forecasts by Fed officials about where they see rates heading in upcoming years. The last such set of forecasts, released in March, showed the typical Fed official at the time was penciling in three cuts for 2024. But Fed Chair Jerome H. Powell could offer more color in his news conference after the central bank’s decision.

 

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Stock market today: Wall Street bounces back in premarket trading following Monday's drubbingWall Street drifted toward gains as more corporate earnings come in, giving investors a break from fretting about if and when the Federal Reserve might cut interest rates.
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