New York (Reuters) - Stocks on Wall Street United States closed the rally when the investor expects positive towards meeting Open Market Committee (Federal Open Market Committee) which will be held on Wednesday.
The S & P 500 in trading Monday closed up 27.79 points or 1.4% to 2081.19 position, while the Dow Jones industrial average jumped 228.11 points, or 1.3%, to 17977.42.
The Nasdaq composite index, citing the Market Watch report, rose 57.75 points equal 1.2% to 4929.51 position.
This week's FOMC meeting may not yet be decided increase in the Fed funds rate is the interest rate after US jobs data improved. Speculation is growing that the new interest rate hikes will take effect the end of the year or as soon as possible next June.
The increase in stocks on Wall Street is likely also to be followed by stocks in most of the world markets, including Asia on Tuesday this.
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