Wall Street sees a rebound after Friday's declines

The Dow Jones rose 0.75 percent to 42,515.09 points, the S&P 500 rose 0.94 percent to 6,033.11 points and the Nasdaq Composite rose 1.52 percent to 19,701.21 points.

Shares of 21 out of 30 companies included in the Dow Jones index rose in price. The leader of the increases was Goldman Sachs (+2.33%), while the leader of the decreases was McDonald's (-1.85%). Demand dominated in the case of seven out of 11 main sectors of the S&P 500. Companies from the communication services sector performed best (+1.53%), while the utilities sector performed worst (-0.50%). All technological blue chips included in the so-called Magnificent Seven ended the session in positive territory. The shares of Meta gained the most (+2.90%).

Last Friday was the day of the biggest one-day gain in oil prices since Russia’s full-scale attack on Ukraine in 2022. On Monday, WTI crude fell 2.2% to $71.36 a barrel, while Brent crude fell 1.3% to $73.23 a barrel. Spot gold fell 1.4% to $3,384.25 an ounce, while the yield on the 10-year U.S. Treasury note rose six basis points to 4.46%.

Wall Street investors are focused on the FOMC interest rate decision on Wednesday. Markets do not expect a rate cut before September. According to LSEG data, the chance of a cut of at least 25 basis points is currently 61.1%. On Tuesday, important macroeconomic data is expected - retail sales, industrial production and export and import prices. These readings could affect the decision of monetary officials.

U.S. President Donald Trump said Iran wants to talk about de-escalating its conflict with Israel, even as the two sides exchanged fire for a fourth straight day. Tehran is expected to signal it is ready to resume nuclear negotiations with the United States unless Washington joins in Israeli attacks, the Wall Street Journal reported, citing Middle Eastern and European officials.