The stock market experienced mixed trading on Monday as investors awaited the Federal Reserve’s upcoming interest rate decision. While the Dow Jones Industrial Average saw gains, other major indexes traded lower. One notable mover was Apple, which experienced a decline after reports suggested weak demand for its new iPhone 16 model.
As the trading day began, the Dow Jones Industrial Average rose by 0.7%, while the S&P 500 saw a slight decrease. The Nasdaq composite also dipped by 0.5% in early trading. Oil prices made a recovery, lifting West Texas Intermediate futures to around $69.40 per barrel. The 10-year Treasury yield remained steady at 3.64%.
Stocks like Apple and companies in the tech sector faced challenges amid concerns over demand and upcoming interest rate decisions. The Fed’s policy meeting, set to begin on Tuesday, is closely watched by investors in anticipation of a possible rate cut. Additionally, earnings reports from key companies like FedEx and Darden Restaurants are expected to be released this week.
Investors are advised to pay attention to notable stocks in various sectors, such as Costco Wholesale, DoorDash, and Taiwan Semiconductor. These companies are showing potential for growth and could provide opportunities for investors. Keeping a close watch on market trends and stock movements is essential for making informed decisions in the current market environment.
