US stocks turn higher, and "Dow Jones" jumps more than 400 points
US stock indices rose at the close of trading on Monday, getting rid of the slight losses recorded at the beginning of the session, while anticipating the congressional elections.
Tomorrow, Tuesday, the midterm elections for the US Congress are expected to begin, and expectations indicate that the Republican Party will win a majority of seats to remove the Democrats from their current majority.
This, and the important key inflation data will be released in America later this week, which investors are waiting for to predict the Fed's next steps.
Wall Street received support from gains in Meta shares, which jumped 6.5%, after a report that the company aims to cut thousands of jobs this week.
At the close, the Dow Jones Industrial Average rose by 1.3% (about 423 points) to 32,827 points, and recorded the highest level at 32,895 points and the lowest level at 32424 points.
The "S&P 500" rose by 1% (about 36 points) to 3806 points, and recorded the highest level at 3813 points and the lowest level at 3764 points.
Nasdaq rose by 0.8% (about 89 points) to 10,564 points, and reached the highest level at 10,588 points and the lowest level at 10,429 points.