“US stocks climb higher as markets brace for a week packed with major events and key announcements, captivating investors’ attention and fueling anticipation for potential market-shaping developments.”
US stocks rose on Monday after a recent sell-off, as investors turned their attention to upcoming events such as the Federal Reserve’s policy decision and Apple’s earnings. The S&P 500 and the Dow Jones Industrial Average both saw gains of around 0.7% and 0.8% respectively, while the Nasdaq Composite also rose by about 0.8%. The focus is now on the Federal Reserve and Apple to boost market sentiment, along with the US jobs report for October. The Fed’s preferred inflation metric has raised expectations of interest rates remaining steady. Apple is set to release its quarterly results on Thursday, with any impact from China’s restrictions on iPhone use being closely watched. McDonald’s earnings were also in focus, as the company beat earnings estimates for the third quarter, indicating resilience in the US consumer market. In commodities, oil prices fell as Israel’s measured response in Gaza eased concerns of further conflict in the Middle East, leading investors to re-enter the market.