Stock Market Holds Gains Despite AI Robotics Stock Sell Signal

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Source: Investor's Business Daily
Stock Market Holds Gains Despite AI Robotics Stock Sell Signal
Photo: Investor's Business Daily
TL;DR Summary

The stock market held onto gains in anticipation of a busy week of earnings reports and the Federal Reserve's policy announcement on Wednesday. The Fed is expected to raise rates by another quarter point, but mild inflation reports have tempered expectations for further rate hikes. The Dow Jones Industrial Average is aiming for its 11th consecutive gain, while the Nasdaq composite and S&P 500 also saw modest increases. In stock-specific news, AI robotics company Symbotic experienced a sell-off after announcing a joint venture with SoftBank Group, while Tesla's stock rose despite a downgrade from UBS. Other notable stock movements include Atlas Energy Solutions and Miniso Group breaking out, Becton Dickinson receiving FDA clearance, Chevron exceeding earnings expectations, and Ryanair lowering its traffic growth projection.

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