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Wall Street edges up ahead of US data
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Wall Street edges up ahead of US data
Jun 24, 2024 12:09 PM

Most US stock indices gained ground on Monday ahead of crucial data later this week.

The expected data include US GDP growth and personal spending data, important for gauging the likely path ahead for the Federal Reserve.

Several tech companies sustained heavy losses last week, including Nvidia which lost 4%, with the tech sector extending the negative tone today.

On trading, Dow Jones rose 0.8%, or 315 points as of 17:56 GMT to 39,473, while SP 500 rose 0.2%, or 10 points to 5475, as NASDAQ slipped 0.5%, or 80 points to 17,607.

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