Wall Street starts the week with optimism ahead of the Fed meeting

The New York Stock Exchange begins Monday's session with optimism, on the eve of the US Federal Reserve (Fed) meeting this week, from which no changes are expected to the key interest rates, which range between 4.25% and 4.50%.

By index, the technological Nasdaq rose 0.88% (19,576.21 points), followed by the S&P 500 (+0.74%; 6,021.04 points) and the Dow Jones (+0.64%; 42,469.91 points).

“Wall Street starts on a high, in line with the performance of its European counterparts. The drop in oil prices may reflect expectations that conflicts in the Middle East will ease, following the attacks between Israel and Iran, which led to a sharp rise in the price of the commodity last Friday”, reads the daily market note from Millennium Investment Banking.

“In the business world, it is worth noting Roku’s enthusiasm after a partnership with Amazon, the upgrades that drive Celsius and Meta, the green light for the acquisition of US Steel and the success of Incyte’s therapies”, adds the bulletin signed by analyst Ramiro Loureiro.

Oil is trading lower, with a barrel of Brent falling 1.04% to $73.46 and a barrel of crude losing 1.12% to $70.49.