Tech stocks led gainers for the second week in a row after the Nasdaq Composite extended the rally to the eighth session. Crude oil continued to decline after tensions in the Middle East eased.
Market indexes paused after rallying for six days in a row, and investors reviewed a fresh batch of earnings announcements and awaited Fed Chairman Powell's comments later in the day.
After rallying for days, benchmark indexes turned lower as worries about the commercial and residential real estate sectors resurfaced. The sharp jump in interest rates over the last eighteen months has kept the possibility of an economic slowdown alive for some investors.
Positive sentiment extended the previous week's solid market advances after rate uncertainties eased and improving earnings encouraged investors to add more stock exposure.
Benchmark indexes are set to book their best gains in one year after investors drove up stocks for the third day in a row in the hopes of stable interest rates until the Fed's first policy meeting in 2024.
For the second day in a row, market averages surged as policymakers considered the effects of cumulative interest rates on the economy, raising hopes that rates will remain unchanged over the next four months.
Benchmark indexes advanced more than 1% after Treasury yields edged lower and crude oil prices edged up, in the hopes that the Federal Reserve is more likely to hold rates at its next meeting in December.
Market indexes advanced more than 1% after the Federal Reserve held rates steady and investors jumped to the conclusion that the central bank would skip rate hikes at the next meeting in December.
Benchmark indexes advanced after bargain hunters searched for recently beaten-down tech stocks and high-growth companies. Mortgage application volume dropped to a 28-year low as buyers struggled with home affordability and elevated mortgage rates.
Stock market indexes declined more than 2% in October after a tumultuous month of trading dominated by interest rate anxieties and bond yields soaring to 16-year highs.
Benchmark indexes are set to close October with losses of 3% as Treasury yields jumped to 16-year highs and investors awaited the Fed's rate decision on Wednesday.
Market sentiment improved after a week of volatile trading, and bargain hunters returned to pick stocks in the tech sector. Investors are widely anticipating the Federal Reserve holding key lending rates steady at the end of the policy meeting on Wednesday.
The S&P 500 index and the Nasdaq Composite advanced more than 1% after bargain hunters returned. On Wednesday, the Federal Reserve is widely expected to leave rates unchanged after the policy meeting.
Stock market indexes rebounded, and tech stocks led gainers on Wall Street after Amazon and Intel reported better-than-expected earnings. The latest inflation report showed little progress, keeping market enthusiasm in check.
Benchmark indexes were under pressure after the latest GDP report supported the case for higher-for-longer rates. The prospect of higher interest rates knocked high-growth and tech stocks down for the third day in a row.
