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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

29 October 2024 03:12  |

US Stocks Gain as Tech Leads

US stocks ended Monday in the green, with the S&P 500 and Nasdaq up 0.3%, and the Dow Jones adding 274 points, as relief spread among traders after Israeli airstrikes on Iran avoided oil and nuclear facilities, easing initial fears.

Investors are now gearing up for a packed week of earnings, with five of the "Magnificent Seven" megacaps Apple, Meta, Amazon, Alphabet, and Microsoft set to report their quarterly results.

Additionally, key economic releases, including GDP growth estimates, PCE inflation, and payroll data, will offer further insights into the U.S. economy’s resilience, as the presidential election and the Federal Reserve’s monetary policy decision approach next week. The tech sector led gains, followed by advances in consumer discretionary, financials, and real estate, while energy shares declined.

Source : Trading Economics

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