The picture on the Wall is improving, the Dow Jones jumped 400 points

Key Wall Street indexes are expanding their gains, with the industrial Dow Jones gaining more than 1% as investors evaluate the new Ukraine-Russia talks in anticipation of the Federal Reserve monetary policy decisions in the middle of the week.

Investor attention remains on Ukraine. Talks between Kiev and Moscow will continue on Tuesday, as Ukrainian negotiator Mikhail Podoliak announced via Twitter. “Technical pause in the negotiations until tomorrow. For additional elaboration in the working subgroups and clarification of individual definitions. The negotiations are continuing,” he said.

The fact that Kyiv and Moscow are continuing the negotiations gives a boost to the investment psychology, despite the bad image on the field, with the bombings and attacks in Kyiv and the largest cities in eastern Ukraine continuing with undiminished intensity.

Indicators – Statistics

On the board, the industrial Dow Jones gained 399.60 points or 1.21% to 33,343.79 points, while the S&P 500 strengthened by 33.20 points or 0.79% to 4,237.47 points. The technology Nasdaq is up 5.79 points or 0.05% at 12,849.98 points.

Of the 30 stocks that make up the Dow Jones industrial average, 22 are moving with a positive sign and eight with a negative. The largest increase was recorded by American Express with gains of $ 6.21 or 3.70% at $ 174.11, followed by Visa with gains of 3.64% at $ 203.87 and JPMorgan Chase at $ 132.58 with an increase of 2.86%.

The three stocks with the biggest losses are Chevron (-2.35%), Nike (-1.67%) and Intel (-1.07%).

In any case, the focus in the coming days will be on the Fed, which meets on Wednesday and is expected to raise interest rates, trying to curb extremely high inflation.

Investors are expecting the Fed to announce an increase in its interest rates by 25 basis points after the end of the two-day meeting on March 15 and 16. This will be the first increase in interest rates since 2018.

The Fed meeting comes shortly after figures released last week showed consumer prices were rising at the fastest pace in 40 years last month.

It is recalled that the US market ended last week with significant losses, although far from the five-day low, which reached 2% for the Dow, which completed its fifth consecutive downtrend. At the same time, the S&P 500 and Nasdaq Composite fell 2.9% and 3.5% respectively, recording both their biggest weekly losses since January 21.

Thus, the key indicators have now entered a field of correction, with the Dow being almost 11% below its record, the S&P 500 13% below its own, and the technologically weighted Nasdaq, which carried the heaviest weight of the sell- off, in a bear market, now more than 20% away from the historical high of November.