Wall Street Rises Ahead of Megacap Growth Results, Fed Decision

Wall Street Rises Ahead of Megacap Growth Results, Fed Decision
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on July 20, 2023. (Brendan McDermid/Reuters)
Reuters
7/24/2023
Updated:
7/24/2023
0:00

Wall Street’s main indexes crept higher at the open on Monday as investors braced for earnings from megacap growth and technology companies, while focusing on a rate decision from the Federal Reserve later this week.

The Dow Jones Industrial Average rose 3.10 points, or 0.01 percent, at the open to 35,230.79.

The S&P 500 opened higher by 7.05 points, or 0.16 percent, at 4,543.39, while the Nasdaq Composite gained 48.83 points, or 0.35 percent, to 14,081.63 at the opening bell.