How major US stock indexes fared Tuesday, 3/19/2024

Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates. The S&P 500 shook off an early loss and closed 0.6% higher Tuesday, beating the all-time high it set last week. The Dow Jones Industrial Average rose 0.8% and the Nasdaq composite rose 0.4%, both closing slightly below their own recent highs. Treasury yields slipped in the bond market ahead of the Fed’s announcement Wednesday about where it sees rates ending the year. In a historic move, Japan’s central bank raised its benchmark interest rate back to at least zero.