The US Wall Street market recorded positive gains earlier this week after showing a decline last week.
The major stock indexes rose supported by the Federal Reserve (Fed) central bank's upcoming FOMC meeting scheduled for Tuesday and Wednesday this week.
The S&P index rose 0.2%, the Dow Jones strengthened 0.1%, while the technology-focused Nasdaq rose 0.1%.
The meeting will focus on whether the central bank will signal a potential interest rate cut, following the slowing US inflation and signs of economic weakness.
Indirectly, the Fed is expected to keep interest rates around 4.5% at the end of Wednesday's meeting as labor market and inflation data in May showed stronger growth.
In addition, the following banks are also facing pressure from US President Donald Trump to cut interest rates immediately.
In other developments, the Iran-Israel conflict escalated when Iran launched more than 100 UAVs (drones) towards Israel, while Israel attacked a refueling plane in Mashhad, Iran.
The situation follows the attacks on Iran last week, following months of tension over Tehran's growing nuclear program.
The war claimed the lives of 224 civilians in Iran due to Israeli airstrikes, while 10 people were killed in Israel due to Iranian retaliatory strikes.
The Iranian government has rejected ceasefire talks with Israel, describing them as meaningless as Israeli attacks are still ongoing and undermine Tehran's diplomatic policy.
Investors are now focused on the Fed meeting because any decision or indication issued could influence the direction of interest rates and have a major impact on global financial markets.
