2024-04-29 22:20:47
All three main stock market indices closed today’s session with an increase Wall Street with traders waiting for its meeting Fed having at the same time turned their attention to the company’s first quarter results.
THE S&P 500 strengthened by 16 points or 0.3% to 5,116.17 points and o Nasdaq rose 55 points or 0.4% to close at 15,983.08. THE Dow Jones gained 146 points or 0.4% to end at 38,386.09.
Shares in Tesla rallied more than 14% after clearing a major hurdle to advancing fully self-driving technology in China. Apple rose 3% after investment bank Bernstein upgraded its stock. However, tech majors Microsoft, Alphabet, Meta and Nvidia all fell.
Shares of Domino’s Pizza rose more than 5% after it reported better-than-expected results. Apple, McDonald’s, Coca-Cola and Amazon are among the big companies reporting results this week.
Of the more than 46 percent of publicly traded S&P 500 companies that have reported results so far, 4 in 5 have reported results that beat analysts’ expectations, according to FactSet data.
The Dow is expected to close April down 4%. The S&P 500 and Nasdaq are set to close the month with losses of around 3%.
The Fed is expected to conclude its two-day meeting on Wednesday. While the US central bank will keep its monetary policy unchanged, investors are eagerly awaiting an interview with chairman Jerome Powell for a possible change of course.