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Foreign Market News

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(20 Mar 2024, 08:03)

US Dow rises more than 300 points

The US share market finished the session higher after recouping early losses on Tuesday, 19 March 2024, as investors braced for the decision of the Federal Reserve’s policy meeting due on Wednesday, with shares in financials, industrials, technology, and energy companies leading rally.

At closing bell, the Dow Jones Industrial Average index advanced by 320.33 points, or 0.83%, to 39,110.76. The S&P500 index added 29.09 points, or 0.56%, to 5,178.51. The tech-heavy Nasdaq Composite index grew 63.34 points, or 0.39%, to 16,166.79.

Total 9 of the 11 major S&P 500 sectors inclined, with energy sector being top performer, rising 1.08%, while communication services sector was bottom performer, falling 0.17%.

On the corporate front, shares of Unilever (UL) popped after the Ben &...

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