Stock market today: Dow, S&P 500, Nasdaq rise to kick off busy week of key data, Big Tech earnings

Published On Oct 28, 2024, 9:30 AM

US stocks gained on Monday, with major indices like the Nasdaq, S&P 500, and Dow Jones seeing positive movement, attributed to reduced fears of escalation in the Middle East conflict and anticipation of upcoming Big Tech earnings and key economic data this week. Notably, investors await earnings reports from several major tech companies, including Alphabet, Apple, Amazon, Microsoft, and Meta. The week is crucial as it will also include important inflation and jobs reports that might influence Federal Reserve policy regarding interest rates.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

AAPL

Positive

The positive momentum in the tech sector, driven by major earnings reports and easing geopolitical tensions, suggests a bullish outlook. The anticipation surrounding Big Tech earnings might also lead to an upward trend in these stocks and the indices as a whole.

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BA

Negative

Given Boeing's recent strategies to shore up its balance sheet amid economic challenges and operational issues, the stock may face downward pressure due to uncertainties surrounding its financial health and the impacts of ongoing labor issues.

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SPOT

Positive

Spotify's strong performance and favorable analysis from Wells Fargo indicate robust growth prospects, suggesting a positive direction for the stock as it continues to execute its turnaround successfully.

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