US stocks gain after Friday sell-off, Mideast tensions subside
==========

Wall Street's main indexes rose on Monday after steep losses in the previous session as easing Middle East tensions buoyed risk appetite. The Dow Jones Industrial Average was up 44.85 points, or 0.12%, at 38,031.25. The S&P 500 and the Nasdaq Composite also saw gains. Some megacap growth stocks like Meta Platforms, Amazon.com, and Apple edged higher. Nvidia rebounded from a previous drop. Major tech earnings and a key inflation print are expected this week. The easing of tensions in the Middle East also contributed to the risk-on mode in the market. Market participants are adjusting their interest rate cut expectations from the U.S. Federal Reserve after strong economic data signaling persistent inflationary pressures. The price consumption expenditure (PCE) index reading for March, the Fed's preferred inflation gauge, is expected to further ascertain the monetary policy trajectory. Fed policymakers are in a media blackout ahead of their latest policy meeting on May 1.

#UsStocks #MiddleEastTensions #TechEarnings #Inflation #InterestRateCut #FederalReserve

https://m.economictimes.com/markets/stocks/news/us-stocks-gain-after-friday-sell-off-mideast-tensions-subside/articleshow/109507191.cms