Business · Markets · 3 hrs ago

US stocks rise ahead of Federal Reserve decision

US stocks rise ahead of Federal Reserve decision

US stocks ended higher on Tuesday, ahead of a Federal Reserve interest-rate decision expected the next day.

The Nasdaq led the gains, rising 1.18%, while the S&P 500 rose 0.60% and the Dow Jones added 0.03%.

Investors are also watching earnings from Alphabet, Microsoft and Amazon for clues about spending on technology infrastructure.

The Fed’s decision matters because investors are looking for signals about interest rates while energy prices continue to influence inflation.

Mexico’s main stock indexes also closed higher, while Brazil’s Bovespa index fell.

Oil prices declined, with US crude down 1.50% and Brent down 1.36%.

The next major market focus is the Fed’s decision and the technology companies’ quarterly results.

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Monex analystsFinancial analysts
Investors will look for signals about the path of interest rates in an environment where inflation continues to be influenced by elevated energy prices.
via El Financiero