The American markets ended the day on a jubilant note on March 19, pushing a pause to the sell-offs amid fears of recession. As the Trump administration is focusing more on internal politics, apart from pressing pause on tariff war, at least for now, the markets are looking to stabilise their means.
US Fed Holds Rates
This surge in the US secondary markets are also a result of the United States Federal Reserve’s or US Fed’s decision to hold onto interest rates.
After the latest Federal Open Market Committee or FOMC meeting, which was also the second such meeting in 2025, the Fed decided not to slash the benchmark interest rate. The interest rate will continue to remain in the bracket of 4.25 to 4.50 per cent.
This comes after the US witnessed an easing of inflation rate in the month of February, compared to an unexpected rise in the Consumer Price Index (CPI) in January.
Dow Jones Industrial Average
Coming to the US markets, after a major slump, over the past, the US indices rose in prominence.
The Dow Jones Industrial Average rose by 0.92 per cent or 383.32 points, to close the day’s trade at 41,964.63 points, ahead of its previous day’s closing of 41,581.31.
S&P 500
When we come to another key index, the S&P 500, the index rose in value as well.
The S&P 500 opened for the day on a positive note, continuing to rate in green with momentum, before closing at 5,675.29, with gains of 1.08 per cent or 60.63 points.
Nasdaq Composite
The tech-heavy Nasdaq Composite was no different, as it closed the day with even bigger gains that the other two key aforementioned indices.
The index soared by a cumulative 1.41 per cent or 246.67 points, this took the overall value of the index to 17,750.79 points.
Russell 2000 Index
Another major index, the Russell 2000 Index, which houses all the crucial small and medium scale companies also saw a major rise in its prospects.
The index jumped by a total of 32.14 points or 1.57 per cent, taking the overall value of the index to 2,082.08.
