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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Stock market on Wall Street starts the week positive in anticipation of Fed’s decision

As of 14:40 in Lisbon, the Dow Jones increased by 0.05% to 35,855.41 points, while the Nasdaq rose 0.61% to 22,277.18 points.

The broad S&P 500 grew by 0.38% to 6,609.20 points.

In Friday’s session, Wall Street closed without direction.

The Nasdaq technology index gained 0.44% to a new high, whereas the selective Dow Jones Industrial Average decreased by 0.59% and the S&P 500 fell by 0.05%.

The Federal Open Market Committee (FOMC) of the Fed is set to convene starting Tuesday and will announce its decision the following day.

Analysts estimate the Fed’s key rates may decrease by a quarter of a percentage point, marking the first cut since December 2024.

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