Market Momentum: Stocks Rise as Big Week Unfolds
Stocks surged at the start of a pivotal week dominated by the Fed's decision, job reports, and tech giants' earnings. The S&P 500 and Nasdaq climbed, while the Dow remained steady.
Investors eagerly anticipate surprises as over 150 S&P 500 companies gear up to disclose earnings. With the 'Magnificent Seven' results, mixed performance from McDonald's, and a focus on the US economy's 'sweet spot,' markets brace for a rollercoaster.
Meanwhile, key players like Meta, Microsoft, and Pfizer witnessed gains, contrasting with diabetes firm Dexcom's downturn. As the week progresses, eyes are on major players like Microsoft, Amazon, and Meta for their reports.
Amidst this, economic data signals improved inflation, with PCE and core PCE prices up, while consumer spending rises.
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