On Monday, January 29th, U.S. stock markets closed higher, fueled by investor focus on key earnings reports, economic data, and the upcoming Federal Reserve monetary policy meeting.
In economic data, the General Business Activity Index for manufacturing in Texas, as reported by the Federal Reserve Bank of Dallas, experienced a decline of 17 points, dropping to a -27.4 score in January.
Most sectors of the S&P 500 index experienced an increase, with consumer discretionary leading the way, closely followed by information technology, with Energy being the only declining sector.
The Dow Jones Industrial Average gained 0.59% and closed at 38,333.45, the S&P 500 gained 0.76% to 4,927.93, while the Nasdaq Composite rose ...