US stocks hold in early trading

Economies.com
2021-07-26 14:15PM UTC

US stock indices held in early trading on Monday, ahead of the Federal Reserve's meeting and amid anticipation of further earning reports.

 

This comes ahead of the US Federal Reserve’s monetary policy meeting, amid anticipation of more clues about the pace of the US inflation and the future of interest rates.

 

The Fed meeting will launch on Tuesday, and will continue to Wednesday, amid expectations of holding the benchmark interest rate near zero, and will be followed by a press conference from the Fed Chief Jerome Powell.

 

Major US companies will start announcing their Q2 business results this week, led by Tesla, Apple, Facebook and Amazon.

 

As for stocks, Dow Jones fell 0.2% or 77 points to 34,985 as of 14:13 GMT, and S&P 500 fell less than 0.1% or 3 points to 4,408, while Nasdaq rose 0.1% or 11 points to 14,850.

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