What is the driving force behind Monday’s market surge on Wall Street as traders eagerly anticipate the conclusion of Fed tightening and crucial earnings reports?

U.S. stocks started the week positively as investor sentiment improved, anticipating the Fed’s announcement of maintaining unchanged interest rates on Wednesday. Traders will be closely monitoring earnings reports from Apple, Qualcomm, and AMD. However, Treasury yields continue to rise, reflecting ongoing nervousness in the bond market. The S&P 500 and Nasdaq 100 both gained, while the Dow Jones Industrial Average stocks rallied. Small-cap stocks saw a more modest increase. Analysts suggest that the market may see a relief rally, although many investors have given up hope for a strong finish to the year. In Monday’s trading, major U.S. equity ETFs showed positive movement, with the Communication Services sector outperforming and the Real Estate sector lagging. Stocks that were in focus included Stellantis, General Motors, SoFi Technologies, McDonald’s, and Enphase Energy. Crude oil prices fell, while Treasury yields and the U.S. dollar rose. European equity indices had a positive session, and gold and silver prices fluctuated.