Stocks have opened on a positive note at the beginning of a significant week for the US economy. This week’s focus will be on key economic data, including reports on inflation and consumer spending, along with the much-anticipated Federal Reserve decision scheduled for Wednesday.
As trading commenced on Monday, the S&P 500 index (^GSPC) showed a gain of approximately 0.3%. Similarly, the Dow Jones Industrial Average (^DJI) witnessed a rise of around 0.2%, while the Nasdaq Composite index (^IXIC) experienced a gain of 0.4%.
The market’s upward trajectory at the start of the week follows last week’s achievement, where the S&P 500 entered a bull market and closed at its highest level since August 2022. Additionally, the Nasdaq sustained its winning streak for the seventh consecutive week.
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