"US Stock Market Drifts Higher as Tech Giants Prepare for Earnings-Packed Week"

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Source: Yahoo Finance
"US Stock Market Drifts Higher as Tech Giants Prepare for Earnings-Packed Week"
Photo: Yahoo Finance
TL;DR Summary

US stocks edged higher as investors prepared for a week filled with Big Tech earnings updates, a Federal Reserve rate decision, and the US jobs report. The Dow Jones Industrial Average rose 0.3%, the S&P 500 drifted slightly higher, and the Nasdaq 100 rose 0.8%. The focus is on Big Tech earnings, the Fed's policy decision, and the US jobs report, while concerns about China's economic health were stoked by the looming failure of property development giant Evergrande. Additionally, the US tax filing season began, and tech stocks led Monday's modest gains, with SoFi Technologies and Lucid among the trending tickers.

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