Optimism Grips US Markets as Key Economic Updates Loom

On Monday, major stock markets in the United States opened higher, buoyed by anticipation ahead of several key economic updates. Investors eagerly await the preliminary purchasing managers' index (PMI) readings, which are expected to shed light on private sector activity. Additionally, the Federal Reserve's rate decision on Wednesday is closely watched.

The week's economic calendar also includes GDP figures on Thursday and Personal Consumption Expenditures (PCE) data on Friday, both of which are anticipated to significantly influence market sentiment.

Market Performance at Opening Bell

At 9:30 am ET, the Dow Jones Industrial Average index saw a 0.11% gain, or 48 points, with Honeywell International Inc. leading the charge with a 2.33% increase. The Nasdaq 100 started the session with a 0.52% climb, driven by Broadcom Inc.'s 2.86% surge. The S&P 500 also increased by 0.27%, thanks to Teradyne Inc.'s impressive 4.99% jump.

Currency Markets

In currency trading, the euro rose 0.07% against the dollar at 9:28 am ET, trading at $1.04909.