Wall Street leans higher as the week opens up

2023-06-05 14:38PM UTC

US stock indices mostly rose on Monday as investors assess latest developments in monetary policies.


Allianz chieft economist Muhammad Al-Aryan said that while concerns about a US debt default have subsided, markets now are looking forward to the Fed's efforts to contain inflation.


Despite risks surrounding high interest rates in the last 15 months, the tech sector was particularly brilliant amid the AI industry boom. 


It's worth mentioning that Congress recently approved a bill raising the US debt ceiling until January 2025.


However, Fitch Ratings maintained US government debt under negative review amid uncertainty about the gaps in US financing and debt.


On trading, Dow Jones fell 0.2%, or 84 points to 33,687 as of 15:36 GMT, while S&P 500 added 0.1%, or 3 points to 4,286, as NASDAQ climbed 0.2%, or 20 points to 13,260. 

American Markets News

Americas News


Wall Street climbs as the week opens up
2024-06-17 16:30PM UTC
US stock indices rose on Monday ahead of important data, and before an official holiday this ...
Americas News


US stock indices head lower after data
2024-06-13 16:51PM UTC
Most US stock indices declined on Thursday after the release of important data, while markets ...
Americas News


NASDAQ surges to fresh record highs before Fed's decisions
2024-06-12 16:15PM UTC
US stock indices rose on Wednesday, with both the NASDAQ and S&P 500 hitting fresh record highs ...