Posted 1/22/2024, 3:38:31 PM
Stocks Hit Record Highs as Earnings Season Starts, Driven by Tech Growth and Rate Cut Hopes
- Wall Street indexes hit new record highs last week and continued rising on Monday
- Gains driven by expectations of Fed interest rate cuts and strong corporate profits
- Technology sector advancing on high demand for AI products and services
- Earnings season kicks off Monday afternoon with United Airlines' financial results
- Energy prices edged up while dollar slipped against yen and euro