Wall Street indexes close higher ahead of earnings, Fed meeting
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U.S. stock indexes closed higher on Monday, driven by the S&P 500 and Nasdaq's fourth consecutive session gain, ahead of key earnings and a Federal Reserve meeting, with gold prices reaching $5,000 an ounce for the first time.
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Expected market reaction
Market impact analysis based on bullish sentiment with 85% confidence.
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- Provider tag
- groq-llama-3.1-8b-instant
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- groq-llama-3.1-8b-instant
- Article id
- 37445
Original source
STORY: U.S. stocks finished higher Monday with the Dow adding six tenths of one percent, the S&P 500 climbing half of one percent and the tech-heavy Nasdaq rising four tenths.The S&P and the Nasdaq advanced for a fourth consecutive session.Investors are gearing up for a slew of mega-cap earnings and a Federal Reserve update on interest rate policy later this week.It will be a key test for a rally powered by euphoria around AI.The S&P 500 materials sector rose during the session and gold prices vaulted above $5,000 an ounce for the first time.Ben McMillan, chief investment officer with IDX Advisors says he remains bullish on gold."I do think gold continues to march higher. I don't think it's, investors, I don't think should expect the same type of returns this year as we saw last year. But I also, we've had conversations where we've had investors come and say, 'OK, we had a good rip, let's sell out of everything.' And we're telling people, don't look at this as another commodity run up. This is not like the Hunt brothers in the '80s where gold or silver is going to retrace 80% or even 50%. This is a shift in the demand curve. This is a secular generational shift.":: JetBlueStocks on the move included JetBlue which dropped nearly four percent as the airline sector dealt with the aftermath of mass disruptions in flight schedules after a huge winter storm hit the Eastern United States.:: CoreWeaveAnd shares of CoreWeave gained nearly six percent after Nvidia expanded its partnership with the cloud infrastructure company by investing $2 billion.
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Original article published by Yahoo Finance on January 27, 2026. Analysis and insights provided by AnalystMarkets AI.