Markets Close Higher on Bargain Buying, Fed Hopes

Markets went up today after some investors bought assets at lower prices.

Some investors also hoped that the US central bank would stop raising interest rates.

However, oil prices are still high and US inflation has not changed much.

This means the central bank might still raise rates.

An expert said the market’s improvement may not continue all week.

Rainfall in many domestic areas has been weaker than expected.

Large initial public offerings are also opening tomorrow.

These IPOs could draw money away from existing stocks.