The New York Stock Exchange ended higher on monday for well-priced purchases before a crucial indicator of inflation and the start of the Federal Reserve’s policy meeting on Tuesday.
The Dow Jones gained 1.58%, the tech-heavy Nasdaq 1.26% and the broad S&P 500 index 1.43% at the closing bell.
The day began with opportunity purchases which particularly benefited some companies that have been hit in recent weeks, such as Apple, which gained 1.64% to $144.49.
The announcement of the purchase of the Horizon Therapeutics laboratory (+15.49% to $112.36) by Amgen (-0.67% to $276.78) for $27.8 billion also put the market in a good mood. after a bad year for mergers and acquisitions.
"I think that the operators were afraid of missing the train if there is a good surprise on Tuesday" on the inflation side, summed up Andy Kapyrin of Regent Atlantic.
On Tuesday at 13:30 GMT the US Consumer Price Index (CPI) for the month of November will be published. Analysts and the market expect it to moderate on a year-over-month and month-on-month basis.
On Wednesday, meanwhile, the decision of the Federal Reserve on its guide rate will be known. Traders expect an increase of half a percentage point, a figure lower than the last four monetary policy meetings of the agency, when the increase was 0.75 percentage points each time.
Microsoft (+2.89% to $252.51) gained ground following the announcement of a partnership with the London Stock Exchange (LSEG), to which it will provide data management, analysis and modeling tools.
Within the framework of this agreement, Microsoft took a 4% position in the capital of LSEG.
Tesla, which rehearsed a timid rebound on Friday, continued to fall (-6.27% to $167.82), and was close to its lowest level in a year ($166.19).