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Fed Holds Rates: Dow closes 383 pts higher, S&P 500 climbs to 5,675
Written By ZeeBiz WebTeam
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US Stock Market Update, Fed Rate Decision March 19: US equity benchmarks Dow Jones Industrial Average (DJIA), S&P 500 and Nasdaq Composite finished a positive session stronger after the Fed left key US interest rates unchanged along expected lines while hinting at reducing borrowing costs by 50 bps by the end of 2025. Read on to learn more about the US share market during the March 19 session on Wall Street.
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The Dow Jones Industrial Average, one of the two main blue-chip indices of the US share market, jumped almost 600 points after the Fed policy announcement, building on to its intraday gains with uncertainty surrounding the Fed meeting out of the way.
US Stock Market Update (March 19), Dow Jones, Fed Rate Decision: US equity benchmarks held on to intraday gains after the Federal Reserve announced a status quo on key US interest rates while hinting at reductions amounting to 50 basis points (bps) during 2025. Gains in technology, consumer discretionary, energy, and communication services shares drove the broad-based gains on Wall Street, though the Fed raised its core inflation projection while lowering its economic growth forecast for the year.
The decision by the Federal Open Market Committee, led by Fed Chair Jerome Powell, was unanimous.
The US central bank raised its core inflation outlook for the year by 30 basis points (bps) to 2.8 per cent, while maintaining its projection for the next year at 2.2 per cent.
US Stock Market on Wednesday, March 19 | Here is how Dow Jones, S&P 500 & Nasdaq fared at the end of the session
At the closing bell, this is where the main American indices stood:
- Dow Jones Industrial Average (DJIA): up 383.3 points, or 0.9 per cent, at 41,964.6
- S&P 500: up 60.6 points, or 1.1 per cent, at 5,675.3
- Nasdaq Composite: up 246.7 points, or 1.4 per cent, at 17,750.8
- Russell 2000: up 32.1 points, or 1.6 per cent, at 2,082.1
Top Dow Gainers vs Losers
Except nine stocks, all Dow constituents were in the green zone.
| Stock | March 19 Close | Change (%) |
| Boeing Co | 172.6 | 6.8 |
| American Express Co | 270.7 | 3.0 |
| International Business Machines Corp | 252.3 | 2.2 |
| Chevron Corp | 164.1 | 2.0 |
| NVIDIA Corp | 117.5 | 1.8 |
| Honeywell International Inc | 208.7 | -0.5 |
| Verizon Communications Inc | 43.9 | -0.7 |
| Merck & Co Inc | 94.0 | -0.7 |
| Johnson & Johnson | 163.0 | -0.8 |
| Amgen Inc | 315.8 | -0.9 |
Here's how some of the prominent names in the American tech stocks-heavy Nasdaq Composite pack fared:
| Stock | March 19 Close | Change (%) |
| MicroStrategy (Strategy) | 304.2 | 7.4 |
| Applovin Corp | 297.0 | 6.5 |
| Axon Enterprise Inc | 568.1 | 5.2 |
| Warner Bros Discovery Inc | 10.9 | 5.1 |
| Atlassian Corp | 229.9 | 4.7 |
| Tesla Inc | 235.9 | 4.7 |
| Netflix Inc | 959.5 | 3.2 |
| Alphabet Class C | 166.3 | 2.2 |
| Alphabet Class A | 163.9 | 2.0 |
| NVIDIA Corp | 117.5 | 1.8 |
| Amazon.com Inc | 195.5 | 1.4 |
| Apple Inc | 215.2 | 1.2 |
| Microsoft Corp | 387.8 | 1.1 |
| Biogen Inc | 141.4 | -1.2 |
| Arm Holdings PLC | 117.9 | -1.5 |
| Kraft Heinz Co | 29.9 | -1.7 |
| Gilead Sciences Inc | 107.5 | -2.5 |
| Intel Corp | 24.1 | -6.9 |
With inputs from agencies
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