Wall Street between Hope and Uncertainty Ahead of Fed Decision

The development in the US stock markets is currently marked by mixed signals, as the financial world eagerly awaits the upcoming Federal Reserve meeting, which has the potential to influence the course on Wall Street into next year. The S&P 500 improved by 0.4% on Monday. In contrast, the Dow Jones Industrial Average experienced a slight decline of 0.3%, while the Nasdaq Composite rose by an impressive 1.2%, reaching a new record high. The technology sector was particularly strong, with Broadcom as a shining star driving the market thanks to its offerings in the field of artificial intelligence. Interestingly, Bitcoin also delivered a notable performance, surpassing the $107,000 mark before slightly retreating. In the bond markets, yields remained stable, while the expectation of another rate cut looms, which could be announced following the Fed meeting on Wednesday. The Dow Jones Industrial Average recorded a decline of 110.58 points to 43,717.48. On the other hand, the Nasdaq Composite increased by 247.17 points to 20,173.89. The Russell 2000 Index, which represents smaller companies, also rose by 15.10 points to 2,361.99.