Dow closes nearly 200 points higher, stocks snap two-day losing streak to start big Fed week; European markets close higher as traders await this week’s Fed meeting 
Stocks closed higher on Monday in a volatile trading session ahead of the Federal Reserve’s two-day policy meeting slated to kick off Tuesday. 
The Dow Jones Industrial Average jumped 197.26 points, or 0.64%, to close at 31,019.68. The S&P 500 gained 0.69% to 3,899.89 and the Nasdaq Composite added 0.76% to 11,535.02. Vaccine stocks fell on Monday after President Joe Biden said during an interview with CBS’ “60 Minutes” on Sunday that the Covid-19 pandemic is done. 
Shares of the cryptocurrency exchange Coinbase fell more than 7% as the price of bitcoin dipped to its lowest level since June and traders continued unwinding short positions following the completion of the Ethereum merge. 

The pan-European Stoxx 600 slipped 2.89% last week, as investors weighed concerns about the health of the economy, hot inflation figures and the U.S. Federal Reserve’s upcoming monetary policy meeting. 
German arms manufacturer Rheinmetall rose 3.7% Monday on the news that it had won an order for special vehicles for the German armed forces. 
Porsche shares rose almost 3% in early trade Monday after German carmaker Volkswagen said it was aiming for a valuation of up to 75 billion euros for the luxury brand when it is floated on the stock market. 
Source: CNBC, Investing.com