Stocks Continue Gains as Investors Hope Fed Is Done Hiking Rates
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Stocks rose on Monday after logging their best week this year, as hopes continued that the Fed is ready to end tightening. The tech-heavy Nasdaq led the gains.
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Investors will listen for confirmation from several Fed officials speaking this week, including Chair Powell, on outlook for rates.
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Disney announced longtime PepsiCo executive Hugh Johnston as new CFO, replacing outgoing CFO.
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Tesla, BioNTech, Dish Network shares moved in premarket trading Monday on latest news.
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Futures ticked higher Monday amid optimism Fed is done hiking rates after strong jobs report Friday.