The main indices of the United States (US) rose on Monday, indicating that the overall performance of the stock market for September ended well, with more gains than losses.
The Dow Jones Industrial Average rose 1.8%, and the S&P 500 advanced 1.59%, marking its fifth consecutive month of advances.
The Nasdaq Composite, up 2.29% this month marking its fourth increase in five months, shows that technology stocks have remained on good terms for quite some time.
The stock market improved after a 'rough' start in September, which is usually a difficult month for stock trading.
Several factors contributed to this positive performance, including a 50 basis point interest rate cut by the US Federal Reserve, which boosted investor confidence.
In addition, many companies are making good profits, and investors hope that the economy will run smoothly without major problems.
The PCE price index for August published in the New York session last Friday showed an increase of 0.1%, slower than the previous month.
This strengthens investors' expectations that the Federal Reserve will continue to lower interest rates at the end of 2024.
Now, investors are awaiting the September jobs report and financial results from big companies like Carnival, Nike, and Constellation Brands.
