Traders readied for an action-packed week with corporate earnings reports and economic news.
inched higher Sunday night as the broad index came off its best week in several months. Traders are looking ahead to a week with more corporate earnings, key labor data and a Federal Reserve meeting.jumped 2.7%, notching its best week since November and breaking a three-week negative streak. With a rally of 4.2%, thealso saw its best weekly performance going back to November and its first winning week in the last five.
"The YTD upgrade in the market's pricing of economic growth largely explains the resilience in equities this year alongside the climb higher in interest rates," David Kostin, Goldman Sachs' chief U.S. equity strategist, wrote to clients."However, during the past few weeks, the driver of rates has shifted from better growth to.
Monetary policy will take center stage later in the week, with the Fed set to release its latest interest rate announcement on Wednesday. While the central bank isThat announcement comes ahead of April's nonfarm payrolls report expected Friday. Traders analyze the data for insights into the strength of the labor market given its role in the monetary policy decision making process and the country's broader economic health.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures are little changed after S&P 500 snaps 6-day losing streak: Live updatesWall Street also looked ahead to key earnings and economic data later this week.
Read more »
Stock futures are little changed after S&P 500 snaps 6-day losing streak: Live updatesWall Street also looked ahead to key earnings and economic data later this week.
Read more »
Stock futures are flat as S&P 500 heads for worst week since October: Live updatesThe S&P 500 has fallen for five sessions in a row, bringing its week-to-date losses to 2.2%.
Read more »
Stock futures are flat as S&P 500 heads for worst week since October: Live updatesThe S&P 500 has fallen for five sessions in a row, bringing its week-to-date losses to 2.2%.
Read more »
Stock futures are little changed after S&P 500 posts a fourth losing day: Live updatesAll three major indexes are coming off of a losing session.
Read more »
Stock futures are little changed after the S&P 500 registers third straight losing day: Live updatesThe S&P 500 and Nasdaq Composite cinched their third straight negative session on Tuesday.
Read more »