US stocks rise as oil prices fall and dollar weakens
Wall Street rose on Monday as tech gains and lower oil prices boosted sentiment. The dollar fell as markets prepared for the Federal Reserve policy meeting.
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Wall Street recorded significant gains on Monday, driven by a strong performance in the technology sector as the United States saw its major indices climb. The S&P 500 rose by 1%, while the Nasdaq Composite added 1.2%. This market optimism coincided with a decline in the dollar and Treasury yields, as investors reacted to a retreat in energy prices. Brent Crude Oil prices settled between 3% and 5% lower on the day, fueled by speculation that supply disruptions in the Middle East might soon be mitigated.
