Traders
work
on
the
floor
of
the
New
York
Stock
Exchange
on
April
10,
2024.
Spencer
Platt
|
Getty
Images
S&P
500
futures
inched
higher
Sunday
night
as
the
broad
index
came
off
its
best
week
in
several
months.
Traders
are
looking
ahead
to
a
week
with
more
corporate
earnings,
key
labor
data
and
a
Federal
Reserve
meeting.
Futures
tied
to
the
index
added
0.1%.
Dow
Jones
Industrial
Average
futures
rose
58
points,
or
0.2%.
Nasdaq
100
futures
advanced
0.1%.
Those
moves
follow
a
positive
—
albeit
rocky
—
week
on
Wall
Street.
The
S&P
500
jumped
2.7%,
notching
its
best
week
since
November
and
breaking
a
three-week
negative
streak.
With
a
rally
of
4.2%,
the
Nasdaq
Composite
also
saw
its
best
weekly
performance
going
back
to
November
and
its
first
winning
week
in
the
last
five.
The
Dow
finished
the
week
0.7%
higher.
“The
YTD
upgrade
in
the
market’s
pricing
of
economic
growth
largely
explains
the
resilience
in
equities
this
year
alongside
the
climb
higher
in
interest
rates,”
David
Kostin,
Goldman
Sachs’
chief
U.S.
equity
strategist,
wrote
to
clients.
“However,
during
the
past
few
weeks,
the
driver
of
rates
has
shifted
from
better
growth
to
hawkish
monetary
policy
concerns,
which
has
been
more
difficult
for
stocks
to
digest.”
Earnings
season
continues
this
week,
with
releases
from
major
names
including
McDonald’s,
Coca-Cola,
Apple
and
Amazon.
It’s
shaping
up
to
be
a
strong
quarter:
Of
the
more
than
45%
S&P
500-listed
firms
that
have
posted
results
so
far,
about
four
out
of
every
five
have
surpassed
expectations,
according
to
FactSet.
Monetary
policy
will
take
center
stage
later
in
the
week,
with
the
Fed
set
to
release
its
latest
interest
rate
announcement
on
Wednesday.
While
the
central
bank
is
widely
anticipated
to
keep
the
borrowing
cost
unchanged,
investors
will
still
closely
monitor
the
post-announcement
press
conference
with
Chair
Jerome
Powell.
That
announcement
comes
ahead
of
April’s
nonfarm
payrolls
report
expected
Friday.
Traders
analyze
the
data
for
insights
into
the
strength
of
the
labor
market
given
its
role
in
the
monetary
policy
decision
making
process
and
the
country’s
broader
economic
health.
