Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Oct 2 - The tech-heavy Nasdaq and the S&P 500 rose on Monday as most growth stocks gained, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path.
Investors await Powell and Philadelphia Fed President Patrick Harker's comments during a roundtable discussion, due 11 a.m. ET. Cleveland Fed President Loretta Mester will also speak later in the day. Traders' bets on the benchmark rate remained unchanged for November and December at nearly 69% and 55%, respectively, according to CME's FedWatch tool, while they have priced in a 25-basis-point rate cut as early as March.
Investors await job openings data on Tuesday leading to the crucial monthly jobs report at the end of the week for more clues on the Fed's interest-rate path. At 10:04 a.m. ET, the Dow Jones Industrial Average was down 55.31 points, or 0.17%, at 33,452.19, the S&P 500 was up 7.16 points, or 0.17%, at 4,295.21, and the Nasdaq Composite was up 100.19 points, or 0.76%, at 13,319.51.
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