Major US stock indexes have risen markedly, because Fed made it clear that it could reduce interest rates as early as next month to counter the growing global and domestic economic risks.

Many market participants interpreted the tone of the last Fed statement as more “dovish” than expected. According to the CME FedWatch tool, traders now estimate the likelihood of Fed monetary policy easing next month at 100%.

In addition, support to the market continued to provide expectations of progress in the trade dispute between the US and China. As the Chinese Ministry of Commerce announced on Thursday, senior representatives of the two largest economies in the world will resume trade negotiations in accordance with the wishes of their leaders, but China hopes that the United States will create the necessary conditions for dialogue.

Energy stocks also supported the market, as WTI oil jumped almost 6% amid reports that Iran shot down a US military drone in international airspace over the Strait of Hormuz. Trump wrote on Twitter that Iran made a big mistake by knocking down a drone.

Most of the components of DOW finished trading in positive territory (26 out of 30). The growth leader was United Technologies Corp. (UTX; + 2.69%). The outsider was Merck & Co., Inc. (MRK; -0.71%).

Almost all sectors of the S & P recorded an increase. Raw materials grew the most (+ 1.9%). Only the conglomerate sector decreased (-0.6%).

At the time of closing:

Dow 26,753.17 +249.17 +0.94%

S & P 500 2,954.18 +27.72 +0.95%

Nasdaq 100 8,051.34 +64.02 +0.80%