Wall Street drifts ahead of Fed, inflation data

In the early hours of Monday, stock markets on Wall Street are showing modest gains as investors brace themselves for a significant week dominated by central bank decisions and interest rates worldwide.

The S&P 500 has edged up by 0.3% in early trading, building on its four consecutive weeks of gains. The Dow Jones Industrial Average has risen by 116 points, or 0.3%, reaching 33,992 as of 9:40 a.m. Eastern time. Meanwhile, the Nasdaq composite has gained 0.5%.

Cruise operator Carnival experienced a notable surge of 9.2% as analysts upgraded its stock, indicating steady demand for the industry and stable pricing, the Associated Press reported.

READ MORE: https://apnews.com/article/stock-market-inflation-interest-rates-d9cccf9d6daab5d40879ec150a061acf

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