U.S. shares were trading higher today amid optimism over Wall Street’s tech-driven rally last week, although eyes are still on the Federal Reserve policy meeting set for later this week, the Associated Press reports. S&P 500 and Dow Jones Industrial Average futures were up 0.2% this morning.
Recent data on U.S. inflation have analysts expecting the Federal Reserve to keep rates on hold. Its main interest rate has been sitting at the highest level since 2001.
In energy trading, benchmark U.S. crude fell 51 cents to $83.34 per barrel. Brent crude, the international standard, lost 73 cents to $88.77 per barrel.
In currency trading Monday, the U.S. dollar edged up at one point to 160 Japanese yen levels before cascading downward to as low as 155 yen, raising speculation of market intervention by the Bank of Japan.
