Stocks Kick Off Busy Earnings Week With Mild Gains: Markets Wrap
- Companies with combined $27 trillion value to report results
- Dow Average up 11th straight day, longest advance since 2017
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A pivotal week for markets started with small gains in stocks as traders braced for rate decisions from major central banks and a deluge of corporate earnings.
In the run-up to the Federal Reserve and European Central Bank’s gatherings, investors got a reminder about the side-effects of aggressive policy tightening. Disappointing data from both the US and euro-area added to bets officials are close to ending their hiking cycles to prevent a recession. Aside from the economic picture, global companies with a combined $27 trillion in value were set to report results, including giants Microsoft Corp., LVMH and Samsung Electronics Co.