US stocks gained after temporarily turning negative on Monday to kick off a big week filled with a Federal Reserve rate decision, the jobs report, and Big Tech earnings.
The Dow Jones Industrial Average (^IXIC) recovered earlier losses to hover near the flatline, coming off a surge of over 650 points for the blue-chip index on Friday. The S&P 500 (^GSPC) gained 0.4% while the tech-heavy Nasdaq Composite (^IXIC) rose 0.6%.
Stocks initially kicked off the week on the front foot after surging on Friday, as investors welcomed a promising inflation reading that cemented bets for interest-rate cuts. But after a volatile run of sessions and a huge tech sell-off, the watch is on for surprises that could put the fragile rally to the test.
No move is expected from the Federal Reserve at the end of its meeting on Wednesday, despite signs the US economy and inflation have hit a sweet spot. Many on Wall Street see other reasons for the central bank…
