Major U.S. stock indexes were headed for their best week since November 2020 as oil prices stayed below recent highs and investors embraced signs from the Federal Reserve of confidence in the U.S. economy.
The gains have returned the S&P 500, the Dow Jones Industrial Average and the tech-heavy Nasdaq Composite to positive territory for March, despite the elevated commodity prices and geopolitical anxieties that have weighted on stocks in recent weeks.