(Sharecast News) - Major indices began the week on uneven footing as market participants continued to look ahead to the conclusion of the Federal Reserve's two-day monetary policy meeting later in the week.
As of 1445 GMT, the Dow Jones Industrial Average was down 0.19% at 47,864.51, while the S&P 500 ticked up 0.03% to 6,872.48 and the Nasdaq Composite came out of the gate 0.34% firmer at 23,657.99.
The Dow opened 90.48 points lower on Monday, almost reversing gains recorded in the previous session as the delayed release of September's core personal consumption expenditures index buoyed sentiment on Friday after coming in softer than expected, helping major indices log a second positive week in a row.
September's PCE reading also marked one of the last major data points scheduled for release before the FOMC meeting. Investor sentiment has improved in recent weeks, with traders now pricing-in an approximately 90% chance that the central bank votes to cut interest rates at its final gathering of 2025, according to CME's FedWatch tool, up from less than 67% a month ago.
While there were no corporate earnings slated for release on Monday, Oracle shares rose in early trading as investors looked ahead to the group's quarterly results on Wednesday.
Confluent shares shot up almost 30% after IBM announced its intention to acquire the company in an $11bn deal, expected to close by mid2026.
Broadcom shares were in the green after a report from The Information revealed Microsoft was mulling the idea of collaborating on custom chips with the firm.
No data points were set for publication on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Cisco Systems Inc. (CSCO) $79.07 1.42%
Microsoft Corp. (MSFT) $488.95 1.20%
Dow Jones - Fallers
Amgen Inc. (AMGN) $322.42 -2.26%
Intel Corp. (INTC) $40.81 -1.44%
Apple Inc. (AAPL) $278.02 -0.27%
S&P 500 - Risers
Wynn Resorts Ltd. (WYNN) $130.79 4.21%
Micron Technology Inc. (MU) $245.26 3.39%
Lam Research Corp. (LRCX) $163.66 3.13%
Broadcom Inc. (AVGO) $400.65 2.67%
Ipg Photonics Corp. (IPGP) $83.81 2.31%
Microchip Technology Inc. (MCHP) $67.16 2.05%
Hasbro Inc (HAS) $82.69 1.96%
Jack Henry & Associates Inc. (JKHY) $184.76 1.68%
F5 Inc. (FFIV) $251.66 1.43%
J.B. Hunt Transport Services Inc. (JBHT) $191.10 1.43%
S&P 500 - Fallers
Incyte Corp. (INCY) $95.52 -6.83%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $578.77 -3.78%
Dollar Tree Inc (DLTR) $119.16 -2.68%
Amgen Inc. (AMGN) $322.42 -2.26%
Vertex Pharmaceuticals Inc. (VRTX) $446.96 -1.87%
Regeneron Pharmaceuticals Inc. (REGN) $705.14 -1.84%
Verisk Analytics Inc. (VRSK) $217.29 -1.78%
Intuit Inc. (INTU) $661.97 -1.73%
Intuitive Surgical Inc. (ISRG) $567.04 -1.44%
Intel Corp. (INTC) $40.81 -1.44%
Nasdaq 100 - Risers
Wynn Resorts Ltd. (WYNN) $130.79 4.21%
Micron Technology Inc. (MU) $245.26 3.39%
Lam Research Corp. (LRCX) $163.66 3.13%
Asml Holdings N.V. (ASML) $1,131.70 2.93%
Broadcom Inc. (AVGO) $400.65 2.67%
Microchip Technology Inc. (MCHP) $67.16 2.05%
Hasbro Inc (HAS) $82.69 1.96%
Mercadolibre Inc. (MELI) $2,103.97 1.82%
J.B. Hunt Transport Services Inc. (JBHT) $191.10 1.43%
Cisco Systems Inc. (CSCO) $79.07 1.42%
Nasdaq 100 - Fallers
Incyte Corp. (INCY) $95.52 -6.83%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $578.77 -3.78%
Dollar Tree Inc (DLTR) $119.16 -2.68%
Trip.com Group Limited (TCOM) $69.86 -2.63%
Amgen Inc. (AMGN) $322.42 -2.26%
Check Point Software Technologies Ltd. (CHKP) $189.26 -1.97%
NetEase Inc. Ads (NTES) $137.12 -1.91%
Vertex Pharmaceuticals Inc. (VRTX) $446.96 -1.87%
Regeneron Pharmaceuticals Inc. (REGN) $705.14 -1.84%
Verisk Analytics Inc. (VRSK) $217.29 -1.78%
21.92 (0.23%)
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