Investors will focus on next week's Fed meeting, with the central bank expected to announce another 25 basis point rate hike on Wednesday. A bevy of earnings are also on deck, including results from Apple on Thursday. — Reuters
NEW YORK: Economically sensitive areas of the US stock market are flashing warnings over growth, even as major equity indexes edge higher.
The S&P 500 is up 8.6% for the year after gaining 1.5% in April, thanks to roaring year-to-date rallies in shares of Microsoft, Amazon and Google-parent Alphabet and other growth and technology stocks that command heavy weightings in broader indexes.
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