Investors step into the week with the US and Iran set to sign an interim peace deal that would reopen the Strait of Hormuz, after ****** eX's (SPCX) debut on Friday marked the largest public offering in history, with Elon Musk's company closing out the trading session valued at $2.1 trillion.
The S&P 500 (^GSPC) closed Friday 0.5% higher, good for a marginally stronger return of 0.6% on the week. The Dow Jones Industrial Average (^DJI) ended the session up 0.7% for an identical weekly gain, while the Nasdaq Composite (^IXIC) put on 0.3% for a five-day gain of 0.7%.
With the craze of the ****** eX IPO in the rearview mirror, all eyes turn to the Federal Reserve's meeting on Wednesday, where the FOMC is widely expected to hold rates steady. More interestingly, the meeting will be Kevin Warsh's first as chairman, with his post-decision press conference set to be a key read on the new regime.
Friday is set to bring the formal signing of the provisional US-Iran ceasefire agreement at a ceremony in Switzerland. Talks on a final peace deal are expected to begin within 60 days, though questions remain about the future of Iran's nuclear program.
Elsewhere, the calendar is relatively quiet for investors. Manufacturing production data on Monday will give investors a look at the physical side of the economy, following last week's monthly release of the Producer Price Index, which showed wholesale prices advanced at the fastest rate since November 2022.
The S&P 500 (^GSPC) closed Friday 0.5% higher, good for a marginally stronger return of 0.6% on the week. The Dow Jones Industrial Average (^DJI) ended the session up 0.7% for an identical weekly gain, while the Nasdaq Composite (^IXIC) put on 0.3% for a five-day gain of 0.7%.
With the craze of the ****** eX IPO in the rearview mirror, all eyes turn to the Federal Reserve's meeting on Wednesday, where the FOMC is widely expected to hold rates steady. More interestingly, the meeting will be Kevin Warsh's first as chairman, with his post-decision press conference set to be a key read on the new regime.
Friday is set to bring the formal signing of the provisional US-Iran ceasefire agreement at a ceremony in Switzerland. Talks on a final peace deal are expected to begin within 60 days, though questions remain about the future of Iran's nuclear program.
Elsewhere, the calendar is relatively quiet for investors. Manufacturing production data on Monday will give investors a look at the physical side of the economy, following last week's monthly release of the Producer Price Index, which showed wholesale prices advanced at the fastest rate since November 2022.
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