⚠️BREAKING: *DOW JUMPS 100 POINTS AS U.S. STOCKS END HIGHER TO START BUSY EARNINGS WEEK *VIX FALLS TO LOWEST LEVEL SINCE JANUARY 2022 $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
- Major U.S. stock indexes posted modest gains on Monday, helped by financial and industrial shares, while investors braced for a heavy week of corporate results and comments from Federal Reserve officials that could give more insight into the path of interest rates.
Markets are gauging the health of corporate profits and the economy after several banks kicked off first-quarter reports with strong results last week. Meanwhile, the New York Fed said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April, helping solidify the case for the U.S. central bank to raise rates at its meeting next month.
"Markets are in a bit of a wait-and-see mode," said Angelo Kourkafas, an investment strategist at Edward Jones."We have a lot of corporate earnings ahead of us and the Fed rate decision in a couple of weeks."
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