U.S. stock indexes drifted to a mixed close ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates.
The S&P 500 rose 0.1 percent Monday, coming off its first back-to-back weekly losses since April. The Dow Jones Industrial Average slipped 0.1 percent, and the Nasdaq composite rose 0.1 percent. ON Semiconductor led the market after delivering stronger profit than analysts expected.
Reports from Microsoft, Apple, Amazon and Meta Platforms will follow later this week. So will a meeting by the Federal Reserve, where officials may hint that a rate cut will arrive in September.
On Monday:
The S&P 500 rose 4.44 points, or 0.1 percent, to 5,463.54.
The Dow Jones Industrial Average fell 49.41 points, or 0.1 percent, to 40,539.93.
The Nasdaq composite rose 12.32 points, or 0.1 percent, to 17,370.20.
The Russell 2000 index of smaller companies fell 24.74 points, or 1.1 percent, to 2,235.33.
For the year:
The S&P 500 is up 693.71 points, or 14.5 percent.
The Dow is up 2,850.39 points, or 7.6 percent.
The Nasdaq is up 2,358.85 points, or 15.7 percent.
The Russell 2000 is up 208.26 points, or 10.3 percent.
The Epoch Times copyright © 2024. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.