How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 184 points, or 0.52%, to 35411, the S&P 500 SPX increased 18 points, or 0.4%, to 4555, and the Nasdaq Composite COMP gained 26 points, or 0.19%, to 14059.How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 184 points, or 0.52%, to 35411, the S&P 500 SPX increased 18 points, or 0.4%, to 4555, and the Nasdaq Composite COMP gained 26 points, or 0.19%, to 14059.
Whether the Dow can make it an even dozen — and extend its rally even further to fresh 15-month highs — will likely depend on the next few days containing corporate earnings and Fed comments. Midweek also sees the Fed’s latest monetary policy decision. The market is certain the central bank will increase interest rates by another 25 basis points to a range of 5.25% to 5.50%.
And that may lead to disappointment, warned Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “[W]hat Fed officials will also do is to remind investors that the tightening cycle is probably not over and that there will probably be another rate hike on the U.S. horizon. So yes, there is a great chance that the Fed will spoil your mood if you are among those thinking that this week’s rate hike will be the last for this tightening cycle in the U.S..
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Stock market outlook: 100-year-old Dow Theory buy signal just flashedA more than 100-year-old buy signal just flashed in the stock market
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: Dow Jones notches 11th straight winDow notches 11th straight win as traders look to big tech earnings, Fed meeting
Source: BusinessInsider - 🏆 729. / 51 Read more »