Stocks in the United States rose Monday, with the Dow and the S&P 500 each reaching new record highs amid growing optimism for the American economy.
The Federal Reserve’s expected decision to delay rate cuts did not dampen investor enthusiasm ahead of a week packed with U.S. corporate earnings results from United Airlines, Netflix, Procter & Gamble, Tesla and others.
Investors are also awaiting data on fourth-quarter US economic growth, to be released on Thursday, which could provide insight into the timing of the Fed’s rate cuts.
The Dow reached a milestone, trading above the 38,000 level for the first time on Monday, while the S&P 500 extended last week’s record close. A
Analyst Pierre Veyret from ActivTrades said, “Optimism is back, more and more investors think the downward trend for stocks is over.”
