Stocks Edge Higher as Earnings Beat Forecasts, Investors Hopeful Fed is Nearing End of Rate Hikes
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Stocks edged higher on Monday after strong gains last week, as investors hope the Fed is nearing the end of interest rate hikes. The Nasdaq led gains while the Dow and S&P 500 also rose.
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Google faces a trial starting Monday against Epic Games' claims it abuses power in the mobile app market, following the DOJ antitrust case against it.
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Treasury Secretary Janet Yellen will meet with China's economic chief this week to stabilize relations between the two largest economies.
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Corporate earnings are beating forecasts, with nearly 75% of S&P 500 companies topping Q3 expectations. Stocks have not been rewarded much for beats amid volatility.
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Small caps and the Russell 2000 index could present bargains after solid gains last week, if economic growth slows and hits small caps first.