From Nasdaq:

U.S. stocks climb ahead of eventful issuance including megacap earnings, economic statistics, and the Federal Reserve’s monetary policy meeting. The S&P 500 hits another record high and is up 3.3% for the month. Robust economic data lessens fears of immediate recession and a possible Fed rate cut.

Fed expected to leave key target rate unchanged at 5.25% to 5.50%. This week’s economic reports to include labor market and consumer confidence data. The FOMC meeting will take place on Tuesday. Strong economic data has calmed fears of a recession but constrains hopes of rate cuts.

BlackRock reclassifies its U.S. stocks view to “overweight” from “neutral.” Amazon, iRobot, and Meta Platforms face successes and downturns in the stock market. Warner Bros. Discovery downgraded by Wells Fargo to “equal weight” from “overweight.” Financial technology firm SoFi Technologies surges 20.2% after posting a profit.

iRobot IRBT.O slides 8.8% after merger plans with Amazon are scrapped in the face of EU antitrust regulator opposition. Meta Platforms META.O rises 1.7% following Jefferies’ increased target price. Warner Bros Discovery WBD.O drops 1.2% as Wells Fargo downgrades the streaming platform. Financial technology firm SoFi Technologies SOFI.O blooms, advancing 20.2% after a fourth-quarter profit.



Read more: US STOCKS-S&P 500 hits fresh closing high ahead of Fed meeting, big tech earnings