U.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The Standard & Poor's 500 index rose 52.95 points, or 1%, to 5,180.74. The Dow Jones industrial average added 176.59 points, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92 points, or 1.2%, to 16,349.25. Tech stocks were at the forefront, with familiar ringleaders Nvidia and Super Micro Computer again pulling the market higher.
economy could nail the tightrope walk of staying strong enough to avoid a bad recession, but not so firm that it puts too much upward pressure on inflation. Goldman Sachs economist David Mericle said he still expects two cuts to rates this year, in July and November, after Fed Chair Jerome H. Powell “pushed back strongly against the possibility of further rate hikes” at his news conference last week.
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