Wall Street modestly higher as Fed, earnings take center stage
SPY•Major U.S. indexes edged higher early Monday, with the S&P 500 up about 0.5%, as investors weighed Anthropic’s IPO filing and a week of earnings ahead of Wednesday’s Federal Reserve decision. Traders widely expect rates to remain unchanged, while futures still price in a possible December hike.
1. Indexes edge higher
The main U.S. indexes were modestly higher early Monday, with the S&P 500 leading gains at about 0.5%. Consumer discretionary stocks rose more than 1.5%, while communication services was the only S&P 500 sector in the red, down about 1%.
2. Fed and earnings ahead
Investors were digesting Anthropic’s IPO filing and looking ahead to corporate earnings and Wednesday’s Federal Reserve decision. Policymakers are widely expected to leave rates unchanged; traders continue to view another increase in December as a possibility. Futures imply at least two additional quarter-point hikes by mid-2027, LSEG data showed.
