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Stock market today: Wall Street rises ahead of a big week for central banks

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Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.

The S&P 500 added 0.6% Monday, coming off its first back-to-back weekly losses since October. It pulled close to its all-time high set early last week. The Dow Jones industrial average rose 0.2%, and the Nasdaq composite climbed 0.8%. The highlight for Wall Street this week will likely be the Federal Reserve’s meeting on interest rates, which ends Wednesday. The widespread expectation is for the central bank to hold its main interest rate steady at its highest level since 2001.

5% higher after paring an earlier, bigger gain as it kicked off its annual conference for developers. Analysts say the widespread expectation is for Nvidia to unveil its next generation artificial-intelligence architecture, along with the growing use cases for AI. Nvidia CEO Jensen Huang will give a keynote address after trading closes for the day on Wall Street, while holding a Q&A with financial analysts Tuesday.

 

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