U.S. stocks closed higher Friday, with the S&P 500 and technology-heavy Nasdaq Composite each posting its biggest weekly jump since November ahead of the Federal Reserve’s policy meeting. The Dow Jones Industrial Average rose 297.01 points Friday, or 0.7%, to close at 41,393.78.

Odds of a 50 basis point interest rate cut next week have surged as investors worry about a slowdown in the job market.

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations.

Markets in India started marginally higher, even as investors around the world digested weak economic data released over the weekend, in China.

Stock markets edged up slightly on Monday as investors awaited the Fed rate cut announcement later this week. The Nifty 50 index started at 25,406.65 points with a gain of 0.2 per cent, while the BSE Sensex rose by 0.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 25,356.50, while Sensex ended at 82,890.94. Wall Street indices gained on Friday ahead of the US Fed rate decision,