Wall Street Begins Week with Strong Performance

US stocks opened slightly higher on Monday as investors await comments from Fed policymakers. The optimism about a possible deal between President Biden and Congress to increase the debt limit also helped to boost Wall Street’s main indexes. The Dow Jones rose 20.59 points, up by 0.06% to reach 33,321.21 at the opening, while the S&P 500 climbed up to 4,126.65, gaining 2.57 points or 0.06%, and the Nasdaq increased by 16.42 points or 0.13% to 12,301.17. Investors’ attention was also drawn to the Bank of England’s decision to relax rules for lenders. On Friday, the S&P 500 decreased by 0.16%, the Dow Jones by 0.03%, and the Nasdaq by 0.36%. Overall, investors are keeping a close eye on potential market-moving news while monitoring major indexes.

 

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