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March 19, 2024 4:52 PM

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US Stock Market Closes Higher, Led by Tech and Consumer Goods, Ahead of Federal Reserve Meeting

The US stock market ended in positive territory yesterday with technology, consumer goods, and telecom company shares leading the rally. However, market gains were limited ahead of the Federal Reserve’s two-day monetary policy meeting scheduled for Tuesday and Wednesday.

At the closing bell, the Dow Jones Industrial Average index advanced by 0.2 percent. The S&P500 index added 0.63 percent and the tech-heavy Nasdaq Composite index grew 0.80 percent.