Stock market today: Dow, S&P 500, Nasdaq gain to kick off busy week of key data, Big Tech earnings
Published On Oct 28, 2024, 9:30 AM
The U.S. stock market saw gains on Monday, with the Dow, S&P 500, and Nasdaq all rising as fears surrounding the Middle East conflict eased. Investors are now focusing on a week of important events, including earnings from major tech companies, inflation data, and the monthly jobs report. Oil prices fell sharply as fears that Israel's military actions would disrupt crude oil infrastructure didn't materialize. Tech companies such as Alphabet, Apple, Amazon, Microsoft, and Meta are set to release earnings this week. In response to weaker demand, Philips lowered its sales outlook, leading to a significant drop in its stock price.