S&P 500 hits highest close since August, stocks rise as Fed policy outlook drives market optimism

News stories about stocks are aplenty these days, with the Dow, S&P 500, and Nasdaq all experiencing ups and downs. Today, however, the headlines are focused on the slight rise of the stock market after it closed at its highest point since August.

According to CNBC, the S&P 500 notched its highest close since August, rising slightly amid news of a potential Fed policy outlook. Meanwhile, Reuters reports that both the S&P 500 and Nasdaq inched higher at open, with the Fed policy outlook in focus.

Investor’s Business Daily, on the other hand, reports that Dow Jones futures have risen along with Tesla, which is set to hit a new high in 2023. Netflix is also seeing gains after price target hikes.

CNBC has also compiled a list of 5 things to know before the stock market opens on Wednesday. Lastly, Bloomberg has live updates on the Dow and S&P for June 7, 2023.

Overall, it seems that the stock market is experiencing some steady gains, though investors are keeping a close eye on the Fed policy outlook and other factors that could impact these gains in the future.