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S&P 500 barely rises as investors await key results, jobs data, Fed meeting – CUInsight
The S&P 500 closed barely higher after Monday’s choppy trading session as investors held their breath ahead of a raft of big technology company earnings, a Federal Reserve policy decision on interest-rate cuts and key US labor data, all due this week.
Quarterly reports from market heavyweights such as Microsoft, opens new tab and Apple, opens new tab, Meta, opens new tab and Amazon.com, opens new tab this week will offer clues on whether technology stocks are vulnerable or can extend their recent rallies.
Investors are hoping that the Fed will end its meeting on Wednesday with a signal that it is preparing for a September rate cut in its policy verdict.
On Friday investors will closely monitor the July non-farm payrolls report for signs of possible weakening in the labor market.
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