8/7/2023, 10:00 PM (Source: TeleTrader)
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Wall Street closes higher with more earnings ahead

Stock exchanges in the United States closed with strong gains on Monday in anticipation of more corporate earnings and inflation reports due later this week. A potential further deceleration in consumer and producer prices could boost the overall economic outlook and bring more optimism to markets.

The Dow Jones Industrial Average index closed with a 1.16% or a 408-point gain as Amgen rose by 3.97%. The Nasdaq 100 increased by 0.87% and the S&P 500 was up 0.90% at 4 pm ET with the best performer on both indexes, Monster Beverage, jumping 6.13%.

The euro was 0.06% lower compared to the dollar, going for 1.10075 at 3:59 pm ET.

Baha Breaking News (BBN) / MS