U.S. Stock Market Starts Rising
The US stock market started with a slight upward trend on the 28th (local time), reflecting investors' optimistic sentiment. The S&P500 index rose by 0.07%, and the technology-focused Nasdaq index increased by 0.17%. The Dow Jones index also showed a strong trend, rising by 0.04%.
The major economic indicators and corporate earnings announced the previous day showed better-than-expected results, supporting investor sentiment. Amid recent uncertainty over interest rates and inflation, the strength of technology and growth stocks continues, driving the overall index.
Market participants are watching the statements of key Fed officials and various economic indicators to be announced this week, and thus the stock market is exploring direction within a limited range.