Major stock indexes ended Monday's trading session with gains after Fitch Ratings improved its projection for global growth in 2024 by 0.2 percentage points to 2.6%. Additionally, Fitch noted that the Federal Reserve is expected to cut rates twice by the end of the year. In business, Adobe Inc. faced accusations by the Federal Trade Commission of engaging in unfair practices concerning subscription terms and cancellation.
The Dow Jones Industrial Average closed 0.49% higher, with Apple Inc. expanding by 1.97%. The Nasdaq 100 jumped 1.24%, and the S&P 500 added 0.77%, hitting a fresh record close of 5,473 points. Autodesk Inc. pushed both indexes up with a surge of 6.48%.
The euro gained 0.25% compared to the dollar at 3:58 pm ET, selling for $1.07319.
