Power Breakfast: Wall St Ends Higher As Bank Contagion Fears Ease, Fed Eyed

There was a strong rally in the US markets on Monday. In fact, the mood of the US market improved due to the relief rally in bank stocks. The Dow jumped nearly 380 points to close at day's high. Whereas, SGX Nifty gained nearly 50 points. Amazon has announced that it is laying off 9,000 more employees. The Fed's two-day meeting will begin from today. 77% of the experts expect a 0.25% hike in interest rates.