American indices are on the rise: Fed and corporate news have spiked interest

US indices grow ahead of the Fed meeting and news from major companies

The Wall Street Bull
The Wall Street Bull / pixabay.com

On Monday, March 19, the US stock market closed on a positive note amid expectations for the upcoming Federal Reserve System (Fed) meeting and news from leading corporations.

Investors closely monitored the situation, anticipating that the Fed is unlikely to change the key interest rate, keeping it at the level of 5.25-5.5%, at least until June, reports "Interfax-Ukraine".

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This conclusion is supported by futures market assessments, which currently give about a 55% chance of rate cuts in June, while a month ago this probability was estimated at almost 80%.

Shares of tech giants such as Apple and Alphabet jumped in price following news about the possible integration of artificial intelligence into Apple products, while shares of Nvidia and Tesla also showed significant growth.

Conversely, Pfizer shares lost value amid plans to sell a significant stake in Haleon.

Furthermore, Cisco Systems noted an increase in capitalization after announcing the completion of the acquisition of Splunk.

The Dow Jones Industrial Average grew by 0.2%, the Standard & Poor's 500 increased by 0.63%, and the Nasdaq Composite rose by 0.82%, demonstrating investor optimism ahead of the Fed meeting results and analyzing the latest corporate news and prospects in the housing market.

It was previously reported that The Bank of Japan is considering raising the interest rate for the first time since 2007, signaling the end of the negative rate period and responding to rising inflation and wage growth in the country.

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