US stocks rose Monday as worries over the fallout from Iran's attack on Israel eased, allowing focus to return to earnings season and inflation risks to rate-cut hopes. The S&P 500 added roughly 0.9%, while the Dow Jones Industrial Average moved up nearly 1%, or over 360 points, after ending the week with sharp losses. The tech-heavy Nasdaq Composite was up 0.6%.
Stocks have come under pressure in recent days as earnings season got off to a lackluster start and concerns persisted that inflation has stalled in cooling to the Federal Reserve's 2% target. Traders have scaled back bets on the depth of Fed interest-rate cuts this year in the face of disappointing economic data. Goldman Sachs on Monday got this week's earnings off to an upbeat start, as investors look to corporate results to revive the early 2024 equity rally.
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:
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.
Stock market today: Wall Street drifts after another inflation report as worries about rates remainNEW YORK (AP) — U.S. stocks are drifting Thursday, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was 0.3% lower in morning trading, coming off a slide of 0.9%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds steadier after its slide on worries about ratesNEW YORK (AP) — U.S. stocks are holding firmer Thursday, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was virtually unchanged in early trading.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asia stocks rise with market focus on signs of interest rate cutHONG KONG (AP) — Asia stocks were mostly higher on Tuesday, with investors mainly focusing on a U.S. inflation report and what it means for interest rate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks climb, oil dips as Middle East war worries kept in checkThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
US Stocks Fall as Worries About Interest Rates PersistU.S. stocks are falling as worries about interest rates staying high continue to hem in the market.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Stocks slip to start final week of eventful first quarterA furious rally on Wall Street to start 2024 took a breather at the beginning of the final week of the year's first quarter.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »