Ahead of the Fed’s meeting on Wednesday, March 16, the benchmark 10-year note yields eased from more than two-year highs and were last at 2.1544%, after earlier rising to 2.169%, the highest since June 2019.
The Dow Jones Industrial Average rose 1.82% to 33,544.34, the S&P 500 gained 2.14% to 4,262.45, and the Nasdaq Composite added 2.92% to 12,948.62. The pan-European STOXX 600 index lost 0.28% and MSCI’s gauge of stocks across the globe gained 0.94%. MSCI’s broadest index of Asia-Pacific shares outside Japan had closed 2.73% lower overnight.