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US Stocks Open Higher as the Market Comes Off a Bumpy Week
Major U.S. indexes rose up to 0.9% amid calmer trading after last week’s volatility, with investors awaiting key corporate earnings and Federal Reserve interest rate signals.
- On Monday, U.S. stock indexes rose as trading calmed after last week's roller-coaster, with the S&P 500 climbing 0.7% and moving within 1% of its all-time high set earlier this month.
- Amid the government shutdown, corporate profit reports have gained importance as the U.S. government's shutdown delayed key economic data needed by the Social Security Administration.
- Markets showed breadth, with the Nasdaq composite up 0.9% and Amazon rising 0.6% despite a cloud outage, while the 10-year Treasury yield eased to 3.99% from 4.02% late Friday.
- Stocks of smaller and midsized banks drifted higher after last week's warnings about potentially bad loans, and the lender charging off $50 million faces scrutiny before reporting quarterly results.
- Indexes in Asia jumped after fresh economic data as Hong Kong rose 2.4% and Shanghai 0.6% following China's economy growing 4.8%; Treasury yields have been falling recently.
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26 Articles
26 Articles
US stocks open higher as the market comes off a bumpy week
NEW YORK (AP) — U.S. stock indexes are moving higher, and trading seems to be calmer following last week’s roller-coaster ride. The S&P 500 rose 0.6% early Monday. The Dow Jones Industrial Average added 253 points, and the Nasdaq composite climbed 0.8%. Stocks of smaller and midsized banks drifted higher, recovering some of their losses after a couple of them raised alarm bells last week by warning about potentially bad loans they’ve made. Zions…
·Albuquerque, United States
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Total News Sources26
Leaning Left4Leaning Right0Center17Last UpdatedBias Distribution81% Center
Bias Distribution
- 81% of the sources are Center
81% Center
L 19%
C 81%
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