Wall Street edges up ahead of corporate earnings

US stock indices rose during Monday’s trading, as investors closely monitored upcoming corporate earnings releases alongside anticipation of the Federal Reserve’s policy decision.

Several major companies are set to report earnings this week, most notably Apple, Meta, and Microsoft, along with other large technology firms.

Investors are also awaiting the Federal Reserve’s policy meeting, which begins on Tuesday and concludes on Wednesday, followed by the interest rate decision.

In trading, the Dow Jones Industrial Average rose by 0.6%, or about 280 points, to 49,375 points by 18:20 GMT. The broader S&P 500 gained 0.6%, or roughly 42 points, to 6,957 points, while the Nasdaq Composite advanced 0.6%, or about 152 points, to 23,653 points.