XLRE - Wall Street Surges As Traders Await End Of Fed Tightening Crucial Earnings Reports: What's Driving Markets Monday? | Benzinga
U.S. stocks opened the week on a positive note, with investor sentiment improving ahead of the expected announcement from the Fed to maintain unchanged interest rates on Wednesday.
Traders will closely monitor earnings reports from Apple, Inc. (NASDAQ:AAPL) and chipmakers Qualcomm, Inc. (NASDAQ:QCOM) and Advanced Micro Devices, Inc. (NASDAQ:AMD).
However, Treasury yields continue to rise, with the 10-year yield reaching 4.90%, reflecting persistent nervousness in the bond market
Cues From Monday’s Trading
The S&P 500 and Nasdaq 100 both gained 0.7%, while blue-chip Dow Jones Industrial Average stocks rallied 1.1%. Small-cap stocks posted a more modest 0.2% increase.
US Index Performance on Monday
Index Performance (+/-) Value
Nasdaq 100 +0.66% 14,273.87
S&P 500 +0.74% 4,151.49
Dow Industrials +1.19% 32,776.22
Russell 2000 +0.26% 1,641.32
Analyst Color
An analyst suggested that there could be light at the end of the tunnel for the market. “Given how bearish the financial markets have become, ...