US stocks rose on Monday, rebounding after a six-session losing streak to start a week that will include several earnings results from big tech groups and key inflation data.
The benchmark S&P 500 rose 1.4 per cent on Monday afternoon, led by strength in the financial and tech sectors. Every Magnificent Seven tech group but Tesla advanced, bringing the tech-heavy Nasdaq Composite 1.7 per cent higher.
Gold, known as a safe haven asset, fell 2.3 per cent after hitting 20 record highs this year, according to LSEG data.
Investors will pay close attention to earnings results from Microsoft, Alphabet, Meta, and Tesla this week. The March personal consumption expenditures index, the Federal Reserve’s preferred inflation gauge, will be released on Friday.
Read More: World News | Entertainment News | Celeb News
FT
