Wall Street Sees Modest Gains as Trading Week Begins

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Wall Street Sees Modest Gains as Trading Week Begins
Photo: Seth Wenig/AP/TT

The leading indexes on the New York stock exchange rose as the trading week began. But the increases were not large.

Broad S&P 500-index rose 0.2 percent, Dow Jones industrial index increased 0.3 percent while Nasdaq's technology-heavy composite index went up 0.5 percent.

The US central bank Federal Reserve meets next week. Investors are now waiting for a number of reports on the US economy that will come this week and which can give signals that a rate cut is on the way. Among other things, inflation statistics and preliminary revised figures on job growth will be released.

Mobile technology company Applovin and online broker Robinhood will be listed on the S&P 500-index later this month. Their shares rose sharply during the day. Applovin increased 11.6 percent while Robinhood rose 15.8 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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