Wall Street Rebounds: U.S. Indices Post Strong Gains Amid Fed Decision Anticipation
The U.S. markets experienced a notable rise on Monday, with major indices posting positive gains.
Dow Jones Industrial Average: Increased by 0.85%, or 353 points, reaching 41,841 points.
S&P 500 Index: Rose by approximately 0.65%, or 36 points, closing at 5,675 points, marking its second consecutive gain after a previous 10% decline.
Nasdaq Composite Index: Advanced by 0.3%, or 54 points, ending at 17,808 points.
Russell 2000 Index: Tracking smaller companies, it climbed 1.2% to 2,068 points.
Despite these gains, major indices remain down for the year, with the S&P 500 declining by 3.5%, Dow Jones by 1.7%, Nasdaq by 7.8%, and Russell 2000 by 7.3%.
Key Factors Influencing the Market:
Economic Data: U.S. retail sales showed greater-than-expected weakness, impacting inflation expectations.
Monetary Policy: Investors are anticipating the Federal Reserve's interest rate decision, expected on Wednesday.
Geopolitical Tensions: Concerns persist regarding President Donald Trump's trade policies and their potential impact on the global economy.