US stocks ended the first trading day of the week on a higher note ahead of this week’s Federal Reserve monetary policy meeting.
Markets are fully pricing in a rate hike of at least 75 basis points by the end of the Fed’s monetary policy meeting, with some traders also expecting a whopping 100 basis points hike.
Goldman Sachs, meanwhile, lowered its forecast for US GDP for 2023 on Friday.
shares of Take-Two Interactive Software, Inc. TTWO rebounded Monday after moving lower earlier in the session after Bloomberg reported that Grand Theft Auto VI gameplay was leaked online.
That Nasdaq100 up 0.77% to close at 11,953.27 on Monday during the S&P500 gained 0.69%. That Dow Jones up 197 points to settle at 31,019.68 in the previous session.
shares of apple inc AAPL and Meta Platforms, Inc. META also closed higher on Monday.
Most sectors of the S&P 500 ended on higher notes, with commodities and consumer discretionary posting the biggest gains on Monday. However, healthcare stocks bucked the broader market trend, posting losses on Monday.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 1.9% to 25.79 points.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of stock market volatility expectations based on call and put options of the S&P 500 index options.
