Stocks close higher as investors anticipate Federal Reserve signals, with S&P 500 consolidating gains

From Investing.com: 2024-09-23 16:14:00

U.S. stocks closed higher Monday as investors await more signals from the Federal Reserve this week. The Dow Jones rose by 0.15%, S&P 500 gained 0.28%, and NASDAQ increased by 0.14%. Optimism over interest rate cuts led the markets to record highs last week. A string of Fed officials are set to speak this week, with Chairman Powell scheduled for Thursday. The Fed cut rates by 50 basis points, hinting at further cuts. Investors are also eyeing PCE inflation data due Friday. Apollo Global Management has offered to invest up to $5 billion in Intel, which has been struggling with declining sales.



Read more at Investing.com: The S&P 500 consolidates gains above 5700 By Investing.com