Wall Street opens in the green, with Tesla soaring more than 5%

New York starts the week trading in the 'green', with investors excited about the Federal Reserve (Fed) meeting week.

The interest rate is currently at 4.25% to 4.50%, but analysts expect it to fall by 0.25 percentage points at this meeting. However, inflation in August rose slightly, by 0.4%, to 2.9%.

The Dow Jones index advances 0.18% to 45,915.60 points, the S&P500 increases 0.35% to 6,608.13 points and the Nasdaq gains 0.54% to 22,260.21 points.

Tesla surges 5.49%, Amazon rises 1.56%, Apple gains 1.53%, IBM increases 1.52%, Merck&Co adds 0.38%, and Visa rises 0.43%. Countercyclically, Nvidia loses 1.53%, 3M drops 0.65%, Boeing slips 0.61%, and Nike slides 0.19%.

Millennium Investment Banking market analyst Ramiro Loureiro states that "the main indexes on Wall Street are starting the week on a positive note, extending the optimism that marked last week, with the main indexes reaching new all-time highs. Still, sentiment may be subdued, with investors awaiting this week's Federal Reserve meeting, where the monetary policy decision will be announced."

"On the business front, data center companies are adding to last week's gains, with names like IREN, Nebius, Applied Digital, and CoreWeave all rising, with the latter reacting to a positive note from Deutsche Bank. It's also important to mention Tesla, which is soaring after Elon Musk acquired shares worth $1 billion," he notes.

In the oil market, Texas-based WTI gained 0.85%, setting the price per barrel at $63.22, and Brent rose 0.61% to $67.40. Natural gas rose 1.36% to $2.981.

In the foreign exchange market, the euro appreciated 0.25% against the dollar, settling at 1.1765 dollars.