The S&P 500 and Nasdaq Composite closed on Monday at their highest levels since last April.
Stocks capped off another positive session Monday as hope mounted that the Federal Reserve will skip a rate hike at its next policy meeting beginning Tuesday. The S&P 500 and Nasdaq Composite jumped 0.93% and 1.53%, respectively, to finish at their highest level in 13 months. TheAhead of the rate decision slated for Wednesday, market attention turns toward. Economists surveyed by Dow Jones expect inflation to show signs of easing, forecasting 0.1% month-over-month rise in prices, versus a 0.
The findings may cement the hope on Wall Street that sticky inflation is continuing to ease, and boost expectations for a rate skip already priced in by many. According toA hotter-than-expected inflation print could, however, disrupt those plans, said Ed Moya. "Inflation should be coming down given the trend with gasoline prices, a more seasonable rise in food prices, and the negative base effect," the Oanda senior market analyst said. "If the U.S. economy is dealt a hot report, the Fed may have to debate delivering one more rate hike and possibly signal they might need to stand ready to do more."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Are There Over 500 Pubs in the U.K. With the Same Name?There are thousands of pubs across the UK, but hundreds share the same name. We delve into the history of why over 500 pubs call themselves the Red Lion pub.
Read more »
Goldman pushes back against bearish Morgan Stanley's Mike Wilson with new 4,500 S&P 500 targetResilient economic growth and softening inflation will keep stocks supported, says Goldman Sachs, which has a new bullish S&P 500 target.
Read more »
The 2023 Fortune 500 list is out: These are Northeast Ohio biggest companiesICYMI: 10 Northeast Ohio companies made the Fortune 500 list this year.
Read more »
About 500 doctors at Mount Sinai are set to strike TuesdayRepresentatives from Mount Sinai said they continue to negotiate in “good faith” with the union, and hope to reach an agreement at a Monday afternoon bargaining session
Read more »
S&P 500 and Nasdaq close at highest since April 2022 By Reuters⚠️BREAKING: *S&P 500, NASDAQ CLOSE AT 13-MONTH HIGHS AS U.S. STOCKS RALLY AHEAD OF INFLATION DATA, FED DECISION $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Read more »
S&P 500 Index (SPX) - Investing.comGet S&P 500 Index live stock quotes as well as charts, technical analysis, components and more SPX index data.
Read more »