US EditionWall Street Indexes Close Higher Ahead of Earnings, Fed Meeting
Mega-cap stocks drove the S&P 500 and Nasdaq to their longest winning streak since December with nearly 80% of earnings beating analyst expectations, data show.
- On Monday, the S&P 500 index and Nasdaq Composite advanced for a fourth straight session as investors prepared for mega-cap earnings and a Federal Reserve update later this week.
- Apple, Meta, Microsoft and Tesla are slated to report quarterly results later this week, with 79.7% of S&P 500 companies beating expectations, fueling AI enthusiasm.
- The S&P 500 gained 34.52 points, or 0.50%, to finish at 6,950.13 while the Nasdaq Composite rose 102.54 points, or 0.44%, to 23,603.78, with communications services leading and consumer discretionary lagging due to Tesla.
- Advancing issues outnumbered decliners on the NYSE while Nasdaq breadth was mixed as trading on Jan 26 showed elevated activity and gains remained concentrated in mega-cap names.
- With the Fed meeting starting on Jan 27 and ending with a policy update on Wednesday, traders see over 97% probability of a rate hold, but questions about Chair Jerome Powell's independence may influence market reaction.
13 Articles
13 Articles
In the United States, futures operate with opposition signs, while investors prepare for a decisive week, including the Federal Reserve meeting on Thursday.
Wall Street Indexes Close Higher Ahead of Earnings, Fed Meeting
The S&P 500 and the Nasdaq advanced for a fourth consecutive session on Monday, as investors geared up for a slew of mega-cap earnings and a Federal Reserve update on interest rate policy later this week. Both indexes hit their highest levels in more than a week and registered their longest string of advances since December. Gains in a handful of mega-cap names did most of the heavy lifting for the S&P 500, with Apple, Microsoft, Alphabet, Broad…
The main Wall Street stock indexes show moderate upward movements in the first hour of the session this Monday.Markets operate with low volatility and maintain a feeling of less risk aversion pending the Federal Reserve (Fed) meeting to be held this week.The Nasdaq reports an advance of 0.4 percent, at 23,595 points, followed by the S&P 500 that rises 0.42 percent, at 6,944 integers, and for the Dow Jones case, this reports an upward movement of…
US Wall Street Indexes Close Higher as Crypto Market Maintains its Trade Price
Gains for Dow are 0.64% and Nasdaq 0.43%. S&P 500 is showing a high by 0.50%. The crypto market has sustained prices recorded earlier this week. Three US Wall Street Index have ended on a high note ahead of the Federal Reserve meeting, which is scheduled to happen in the next 2 days. The crypto market has maintained its price range for trade with an optimistic future, as underlined by Coinbase CEO Brian Armstrong. For now, crypto prices are down…
The New York Stock Exchange closed with gains yesterday, Monday, as investors focused on announcements from major companies on their quarterly performance, as well as on the decision that the US central bank (Fed) will make on interest rates. The Dow Jones industrial average closed with a gain of 313.69 points (+0.64%), at 49,412.40 points. The Nasdaq index, dominated by technology companies, closed with a gain of 100.11 points (+0.43%), at 23,6…
Coverage Details
Bias Distribution
- 80% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
