Stock markets in the US opened higher on Monday following their best week of the year as investors hope that the Federal Reserve will put an end to interest rate hikes. The Nasdaq Composite led the gains, up 0.3%, while the S&P 500 rose over 0.1% and the Dow Jones remained flat. The rise in stock prices on Friday was driven by slower than expected job growth and cooled wage inflation, increasing optimism for an end to rate increases. Investors will be watching for further confirmation from Fed officials this week, including Chairman Jerome Powell. However, some analysts warn that the recent stock market rally may be short-lived and that volatility should be expected. Meanwhile, the upcoming earnings season and Disney’s announcement of its new CFO will be key highlights in the market.
Stocks climb as Federal Reserve hopes remain influential.
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