Wall Street closes bullishly in anticipation of U.S. monetary policy easing

The technological Nasdaq Composite rose 0.45% to 21,798.70 points, after reaching a new all-time high of 21,885.62 points during the session.

The S&P 500 rose 0.21% to 6,495.15 points, while the Dow Jones industrial average rose 0.25% to 45,514.95 points.

The main catalyst for the stock market rally continues to be expectations of an interest rate cut by the US Federal Reserve. The market consensus released by Bloomberg predicts a downward adjustment of 25 basis points next week. These same projections place the US benchmark interest rate at 3% over the next twelve months, representing a 150 basis point cut from current levels.

At the corporate level, Apple is the big star, holding its traditional September event this Tuesday, where everything indicates that it will present the new iPhone 17.

"Rumors about a new, thinner iPhone suggest the possibility of a positive surprise. Therefore, in addition to the new iPhone announcements, any update to Apple's AI strategy should boost shares, allowing it to achieve better results than in previous events. More than the new iPhone, what will move shares will be any clues about its AI strategy," Pinto emphasizes.

Additionally, EchoStar shares soared 19.91% after the company closed a deal to sell its cellular spectrum to SpaceX for $17 billion. Meanwhile, Verizon and T-Mobile USA shares fell sharply following the news.

In other markets, the price of gold, considered a safe haven asset in times of uncertainty, reached an all-time high of $3,646 per ounce today.

The alliance led by Saudi Arabia and Russia announced a production increase of 137,000 barrels per day in October. But contrary to expectations, oil futures did not fall. Brent rose 0.96% to $66.12, and WTI crude on the NYMEX advanced 9.82% to $62.38.

The euro appreciates 0.38% to 1.1761 dollars.