“Stock Market Update: Dow, S&P 500, Nasdaq Surge to Start Week Packed with Important Data and Big Tech Earnings – Yahoo Finance”
The stock market kicked off the week on a positive note as the Dow Jones Industrial Average, S&P 500, and Nasdaq all rose on Monday. Investors are gearing up for a busy week of key economic data releases and Big Tech earnings reports.
The Dow Jones Industrial Average rose 0.2%, the S&P 500 gained 0.3%, and the tech-heavy Nasdaq climbed 0.4% as investors remained optimistic about the economy’s recovery from the pandemic.
This week, investors will be closely watching key data releases, including the Federal Reserve’s interest rate decision on Wednesday and the release of the latest U.S. gross domestic product (GDP) report on Thursday. Additionally, several Big Tech giants, including Apple, Amazon, and Google parent Alphabet, are set to report their quarterly earnings later this week.
Analysts expect strong earnings results from Big Tech companies, as the shift to remote work and online shopping during the pandemic has boosted demand for their products and services.
Despite concerns about inflation and the ongoing global supply chain issues, investors remain bullish on the stock market’s prospects in the coming months.
Overall, the stock market’s positive performance on Monday signals a strong start to what promises to be a busy and potentially lucrative week for investors.