US stock indices rose amid expectations of the Fed meeting.
The three main US stock indices closed trading on Wall Street in the green on Monday. The S&P 500 and Nasdaq updated intraday records, as investors await the Federal Reserve meeting, which will be held on September 16-17. There, the regulator will decide on further interest rate policy.
Growth of individual companies on the Wall Street
Tesla shares rose by 3.6%. This happened after the news that the company’s CEO Elon Musk bought securities of his company for almost $ 1 billion. Shares of Alphabet, the parent company of Google, also increased in price. As a result, the company’s capitalization exceeded $ 3 trillion for the first time.
What to expect from the Fed
Most market participants believe that the Fed will cut the rate by 0.25 percentage points. Currently, the probability of such a move is estimated at 96%. Economists attribute this to a slowdown in the labor market. As Carol Schleif from BMO Family Office explains, investors are hoping that the regulator will begin a consistent easing of policy rather than a one-time one.
Trading results
– The Dow Jones index rose by 30.99 points (+0.11%) and amounted to 45,883.45.
– The S&P 500 index rose by 49.23 points (+0.47%) and reached 6,615.28.
– The Nasdaq Composite added 207.65 points (+0.94%) and closed at 22,348.75.
Over the past week, all three indices have shown growth, and the S&P 500 and Nasdaq have already updated records several times. The market was supported by technology stocks.
Weaknesses and other events
The Dow Jones index was negatively affected by the fall in McDonald’s and Procter & Gamble shares. At the same time, CoreWeave, a data center management company, rose 7.6%. This is due to an agreement with Nvidia: the chip maker has committed to buy back all unsold CoreWeave cloud capacity. The deal is worth $6.3 billion.
On Nasdaq, the number of companies that showed growth exceeded the number of those that fell in price by a ratio of 1.2 to 1. On the New York Stock Exchange, this ratio was 1.67 to 1.
The S&P 500 index recorded 23 new annual highs and 11 lows. Nasdaq showed even more active dynamics: 117 new highs and 66 lows. The total trading volume was 17.68 billion shares, which is higher than the average level of the last 20 days (16.2 billion).
In an interview with Anthony Pompliano, Wall Street analyst Jordi Visser noted that by the end of the year, American banks and large financial companies will continue to increase their investments in Bitcoin.
According to him, institutional players are already building a strategy for 2026, with Bitcoin at the center.
