US open: Stocks trade higher as investors look ahead to FOMC meeting
Wall Street stocks were in the green early on Monday, with major indices doing their best to reclaim some of last week's heavy losses.
As of 1540 BST, the Dow Jones Industrial Average was up 0.36% at 30,933.91, while the S&P 500 was 0.25% firmer at 3,883.03 and the Nasdaq Composite came out the gate 0.23% stronger at 11,474.99.
The Dow Jones opened 111.49 higher on Monday, taking a chunk out of losses recorded in the previous session.
Stocks traded higher as market participants look ahead to this week's Federal Reserve policy meeting, set to kick off on Tuesday, with the central bank widely expected to hike interest rates by another 75 basis points.
On the macro front, the National Association of Housebuilders' housing market index fell for the ninth month in a row in September, dropping to 46 and missing market expectations for a print of 47.
"Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households," said NAHB Chairman Jerry Konter.
No major corporate earnings were slated for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Nike Inc. (NKE) $105.79 1.60%
Home Depot Inc. (HD) $279.71 1.36%
Boeing Co. (BA) $146.17 1.30%
Caterpillar Inc. (CAT) $181.68 1.23%
JP Morgan Chase & Co. (JPM) $118.29 1.03%
Walmart Inc. (WMT) $134.17 0.74%
Travelers Company Inc. (TRV) $163.30 0.60%
American Express Co. (AXP) $153.88 0.53%
McDonald's Corp. (MCD) $256.21 0.51%
Apple Inc. (AAPL) $151.46 0.50%
Dow Jones - Fallers
Merck & Co. Inc. (MRK) $86.26 -1.66%
Johnson & Johnson (JNJ) $165.40 -1.31%
Unitedhealth Group Inc. (UNH) $516.51 -0.87%
Amgen Inc. (AMGN) $229.14 -0.87%
Chevron Corp. (CVX) $155.43 -0.65%
Microsoft Corp. (MSFT) $243.43 -0.54%
Walgreens Boots Alliance, Inc. (WBA) $34.10 -0.50%
Verizon Communications Inc. (VZ) $41.15 -0.23%
Walt Disney Co. (DIS) $108.10 -0.14%
3M Co. (MMM) $116.53 -0.07%
S&P 500 - Risers
Mosaic Company (MOS) $54.53 4.46%
Westrock Company (WRK) $35.37 3.57%
Mattel Inc. (MAT) $21.58 3.23%
PulteGroup Inc. (PHM) $40.54 3.00%
Packaging Corp. Amer (PKG) $121.56 2.96%
Alaska Air Group Inc. (ALK) $45.63 2.82%
Wabtec Corp. (WAB) $88.37 2.82%
Invesco Ltd. (IVZ) $16.54 2.80%
American Airlines Group (AAL) $14.13 2.76%
Quanta Services Inc. (PWR) $141.19 2.74%
S&P 500 - Fallers
Edwards Lifesciences Corp. (EW) $88.63 -5.06%
Align Technology Inc. (ALGN) $237.89 -4.47%
Teleflex Inc. (TFX) $219.19 -3.59%
Illumina Inc. (ILMN) $193.13 -3.38%
Abiomed Inc. (ABMD) $250.06 -3.33%
Vertex Pharmaceuticals Inc. (VRTX) $281.08 -2.98%
Intuitive Surgical Inc. (ISRG) $200.42 -2.84%
Eli Lilly and Company (LLY) $300.16 -2.83%
Global Payments Inc. (GPN) $127.10 -2.74%
AutoZone Inc. (AZO) $2,112.58 -2.45%
Nasdaq 100 - Risers
American Airlines Group (AAL) $14.13 2.76%
J.B. Hunt Transport Services Inc. (JBHT) $170.84 2.63%
Wynn Resorts Ltd. (WYNN) $66.66 1.90%
Hasbro Inc (HAS) $76.91 1.46%
Marriott International - Class A (MAR) $157.15 1.44%
Fastenal Co. (FAST) $47.99 1.33%
Trip.com Group Limited (TCOM) $25.43 1.19%
PACCAR Inc. (PCAR) $86.15 1.19%
QUALCOMM Inc. (QCOM) $126.33 1.10%
JD.com, Inc. (JD) $55.97 1.08%
Nasdaq 100 - Fallers
Align Technology Inc. (ALGN) $237.89 -4.47%
Illumina Inc. (ILMN) $193.13 -3.38%
Vertex Pharmaceuticals Inc. (VRTX) $281.08 -2.98%
Intuitive Surgical Inc. (ISRG) $200.42 -2.84%
Dish Network Corp. (DISH) $16.89 -2.31%
Incyte Corp. (INCY) $67.40 -2.08%
NetEase Inc. Ads (NTES) $81.08 -1.97%
Idexx Laboratories Inc. (IDXX) $336.01 -1.91%
DENTSPLY Sirona Inc. (XRAY) $31.46 -1.84%
Hologic Inc. (HOLX) $65.61 -1.80%