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S&P 500 touched new peaks before Fed's meeting

29 Jan,2024
S&P 500 touched new peaks before Fed's meeting

Wall street stocks closed the day with a surge on Monday as markets eyes are on a flew of economic figures, the anticipated megacap earnings and Fed’s meeting scheduled this week.

The three main US stock indexes saw a nudge up, with Nasdaq tech marking the biggest gain percentage.

FOMC is widely anticipated on Tuesday, it is quite projected that policymakers predicted to maintain the main Fed funds target rate at 5.50% to 5.25%.

The Nasdaq Composite rose by 172.68 points or 1.12% at 15,628.04. The S&P 500 gained 36.98 points or 0.76% at 4,927.94 and the Dow Jones Industrial rose by 224.02 points or 0.59% to 38,333.46.

As advancing issues outpaced declining ones on the Nasdaq by a ratio of about 2.3 to 1, 2,975 stocks increased and 1,314 sank.

S&P 500 touched 45 fresh peaks and zero fresh dips, on the other hand touched 226 fresh peaks and 101 new dips.

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