U.S. stocks saw a slight increase at the start of trading on Monday, fueled by optimism that the Federal Reserve might put an end to its rate hikes. According to FactSet data, this positive trend follows the Dow Jones, S&P 500, and Nasdaq Composite's best week in a year, which saw all three indices marking a 0.3% gain.
Last week, these indices achieved their most substantial weekly gains since late 2022. The positive momentum is expected to continue as investors keep a close eye on upcoming events, including Fed Governor Lisa Cook's address at 11:00 a.m. Eastern Time and the release of the Fed’s senior loan survey at 2 p.m.
Despite a decrease last week, the yield on the 10-year Treasury note rose nine basis points to around 4.61% today. This rise in yield could indicate growing investor confidence in the U.S. economy's resilience amid changes in Federal Reserve policies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.