U.S. stocks are rising as investors prepare for Fed meeting, inflation numbers By Investing.com

Investing.com — U.S. stocks were rising as investors looked forward to the Federal Reserve’s next meeting and new information on inflation.

At 9:42 ET (13:42 GMT), the was up 61 points or 0.2%, while the was up 0.3% and the was up 0.5%.

Earnings season is winding down as investors prepare for the next week. In economic data, the trade deficit rose in April but not by as much as expected.

Treasury Secretary Janet Yellen told CNBC she wouldn’t be surprised to see more bank mergers. The Fed is expected to release the results of its latest stress test on the 23 biggest banks, and at the same time there are expectations that regulators will tighten capital standards for banks.

“There is motivation to see some consolidation and it wouldn’t surprise me to see some of that going forward,” Yellen told CNBC.

The Fed will meet next week, and futures traders expect it will pause on more interest rate increases while it studies how well its 10 consecutive increases since last year have worked to cool inflation.

Before its decision, the for May will be released on Tuesday.

In corporate earnings, Stitch Fix (NASDAQ:) stock rose 30% after the online personal styling company reported better-than-expected . Campbell Soup Company (NYSE:), meanwhile, quarterly profit estimates after price hikes and maintained its annual forecast, but shares fell 7.5%.

Dave & Buster’s Entertainment (NASDAQ:) shares rose 20% after the arcade and restaurant chain and said it planned to open 20 locations in India and Australia.

Oil rose. was up 1.1% to $72.56 a barrel, while was up 1% to $77.09 a barrel. was down 0.2% to $1,985.