Wall Street rises on Fed interest rate day

The New York Stock Exchange opened trading this Wednesday in positive territory, with Marvell doing well, increasing significantly in value.

Among the main indexes, there were increases of 0.32% in the technological Nasdaq, 0.29% in the S&P 500 and 0.20% in the industrial Dow Jones.

Among the most significant increases, Marvell Technology stands out, which is appreciating almost 9%, while at the same time positioning itself among the five most traded listed companies, in the first minutes of the day.

Despite the optimism, the unstable scenario in the Middle East is the focus of analysts' attention. In any case, the main focus of the day will be the Fed meeting, with Jerome Powell likely to confirm that interest rates will not be changed.

Therefore, the focus will be on the words of the Fed chairman, at a time when predictions are being made about the possibility of cuts by the end of 2025.