U.S. stocks saw modest gains as the S&P 500 and Nasdaq eked out small increases in muted trading. Investors are digesting recent record highs and anticipating a busy week with earnings reports, economic data, and the Federal Reserve’s rate decision. Geopolitical tensions in the Middle East also remain a concern.
Newgen Software shares surge 15% as broad-based IT stocks rally
Newgen Software shares experienced a significant surge, mirroring a broader IT sector advance. The company announced key leadership changes, appointing Tarun Nandwani as CEO. Investors