rose 0.93%, or 109.36 points, to 11,908.52, as per Nasdaq.com.
Investors are keenly awaiting the Federal Reserve's monetary policy decision on May 3 for clues on how far policymakers will hike interest rates. Traders have given about 77% odds to the U.S. central bank hiking rates by 25 basis points next week, as per CMEGroup's Fedwatch tool, with most expecting the Fed to hold rates before starting to cut them later this year.to its highest since 2011, driven up by unease that the government could hit its debt ceiling sooner than expected.
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