Economic Shifts: S&P 500 and Nasdaq Surge Amid Policy Easing
The benchmark S&P 500 and the Nasdaq opened higher on Monday as investors shifted their focus to comments from Federal Reserve policymakers and economic data scheduled throughout the week. This follows the central bank’s decision to commence policy easing.
The Dow Jones Industrial Average fell 3.0 points, or 0.01%, at the open to 42060.4. The S&P 500, however, rose 9.3 points, or 0.16%, at the open to 5711.9, while the Nasdaq Composite increased by 46.6 points, or 0.26%, to 17994.905 at the opening bell.
The Federal Reserve’s recent move has been a crucial factor in influencing these market changes. Investors are keenly observing the comments from policymakers and upcoming economic data to better understand the future trajectory of the market.
(With inputs from agencies.)