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Wall Street advances in a data-busy week
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Wall Street advances in a data-busy week
Apr 22, 2024 10:11 AM

US stock indices rose on Monday in a data-busy week as markets also await a new batch of corporate earnings results.

This week well see the release of US GDP and personal spending, in addition to manufacturing and services data.

According to a Bloomberg poll, strong corporate earnings will help snap the streak of losses that dominated the SP 500 in recent weeks.

As for the data, US GDP growth is expected at 2.3% for the first quarter, compared to 3.4% in the previous quarter.

US personal spending is expected up 0.3% in March, after a similar increase in February.

On trading, Dow Jones rose 0.4%, or 142 points as of 16:12 GMT to 38,128, while the SP 500 rose 0.5%, or 24 points to 4991, as NASDAQ added 0.5%, or 82 points to 15,364.

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