News Formal

Stock market today: Wall Street rises ahead of a big week for central banks

  • 📰 latimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 82%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.

The S&P 500 added 0.6% Monday, coming off its first back-to-back weekly losses since October. It pulled close to its all-time high set early last week. The Dow Jones industrial average rose 0.2%, and the Nasdaq composite climbed 0.8%. The highlight for Wall Street this week will likely be the Federal Reserve’s meeting on interest rates, which ends Wednesday. The widespread expectation is for the central bank to hold its main interest rate steady at its highest level since 2001.

5% higher after paring an earlier, bigger gain as it kicked off its annual conference for developers. Analysts say the widespread expectation is for Nvidia to unveil its next generation artificial-intelligence architecture, along with the growing use cases for AI. Nvidia CEO Jensen Huang will give a keynote address after trading closes for the day on Wall Street, while holding a Q&A with financial analysts Tuesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Battleground stocks: Wall Street is most divided on these namesAnalysts are becoming increasingly divided on names such as Tesla and IBM — names that have caused buzz but have begun to falter amid this year's market rally.
Source: CNBC - 🏆 12. / 72 Read more »

Top Wall Street analysts prefer these three stocks for the long haulTipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including CrowdStrike and BJ's Wholesale Club.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks slip on Wall Street after another report on inflation that was worse than expectedStocks slipped after a mixed batch of data on the economy seemed to drive the final nail into hopes that easier interest rates may arrive very soon.
Source: latimes - 🏆 11. / 82 Read more »

Stock market today: World markets are mostly lower after retreat on Wall StreetShares have retreated in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.
Source: ksatnews - 🏆 442. / 53 Read more »