8/15/2022, 10:00 PM (Source: TeleTrader)
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Wall Street closes with gains ahead of FOMC minutes

Major stocks on Wall Street ended the trading session on Monday above the flatline, after opening in the red territory, as investors awaited the Federal Open Market Committee's (FOMC) minutes on Federal Reserve's monetary policy.

The positive sentiment in the market was seemingly driven by Third Point Management LLC's stake in Walt Disney Co. In addition, prices of crude and precious metals dropped today. This week, market participants will also receive the quarterly results of Home Depot, Walmart, Target, and Cisco, as well as the nation's initial jobless claims.

The Dow Jones Industrial Average soared 150 points or 0.45%, as Visa Inc. jumped by 2.41%. The Nasdaq 100 and the S&P 500 closed the session, gaining 0.75% and 0.40% respectively, as Illumina was the indexes' best performer, surging by 8.77%. The euro lost 0.97% against the dollar, selling at $1.01604 at 4:00 pm ET.

Baha Breaking News (BBN) / AB