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VOL. 48 | NO. 11 | Friday, March 15, 2024
Wall Street rises ahead of a big week for central banks
NEW YORK (AP) — Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.
The S&P 500 addded 0.6% Monday, coming off its first back-to-back weekly losses since October. It pulled close to its all-time high set early last week.
The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite climbed 0.8%. Big technology stocks led the way once again.
Treasury yields ticked higher ahead of an announcement by the Federal Reserve scheduled for Wednesday.
The central bank will give its latest projections for where it sees interest rates heading this year.