Meanwhile, the S&P 500 gained 8.31 points, or 0.1%, to 4,613.69 points, and the Nasdaq Composite gained 96.21 points, or 0.7%, to 15,594.59 units.
Tesla shares jumped 8.5%, which boosted the consumer discretionary sector of the S&P 500. The electric car maker’s stock has risen since the company’s market value surpassed $ 1 trillion last week.
Among the sectors of the S&P 500, the energy led earnings, while the communications services group suffered losses.
On the other hand, the market expects the Federal Reserve to approve plans on Wednesday to reduce its bond buying program worth US $ 120,000 million per month, launched to support the economy. In parallel, investors will also focus on comments on interest rates and the recent surge in inflation.
“This (meeting) is going to be relatively important,” said Paul Nolte, portfolio manager at Kingsview Investment Management. “We look forward to hearing about the reduction path of bond purchases,” he said.
Source From: Ambito
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