U.S. stocks closed mostly on a positive note after a bumpy ride on Tuesday, as everyone is gearing up for an important inflation report. This report could strongly influence the Fed’s decision on how deeply to cut interest rates in 2025.
The Nasdaq Composite, however, didn’t follow the upward trend, dipping by 43.71 points, or 0.2%, to settle at 19,044.39. This marked the tech-heavy index’s fifth consecutive day of losses, the most significant since September, based on Dow Jones Market Data.
Meanwhile, the S&P 500 inched up by 6.69 points, or 0.1%, closing at 5,842.91. Over on the Dow Jones Industrial Average, things looked brighter with a jump of 221.16 points, or 0.5%, finishing at 42,518.28. This surge represented the largest two-day rally for the blue-chip index since November 25, according to Dow Jones Market Data.
Investors have more to look out for this week, especially with quarterly earnings reports around the corner from major banks and financial companies. Eyes are on JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock, all set to unveil their results on Wednesday.
