Reported about 16 hours ago
US stocks saw gains on Monday, with the Dow Jones rising 1% and the S&P 500 up by 0.8%, following comments from Treasury Secretary Scott Bessent who downplayed the market sell-off. Despite the positive uptick, concerns remain with disappointing retail sales data showing a modest increase of only 0.2% in February, below the expected 0.6%, and a significant drop in manufacturing activity in New York. This backdrop precedes a critical Federal Reserve meeting, where investors anticipate discussions on interest rates amidst ongoing economic uncertainties.
Source: YAHOO