Equity markets maintained their bullish momentum as investors prepared for a pause in the Fed's heaviest austerity campaign in decades.
Major technology stocks led the market gains, with the Nasdaq 100 rising by 2%, and the Standard & Poor's 500 index surpassing the 4,325-point level, which investors are closely following.
The two indices closed at their highest level since April 2022.
Tesla shares jumped for the twelfth consecutive session - recording a record period of rise - and Apple shares reached an all-time high.
Shares of KeyCorp and Citizens Financial Group led banks' losses after disappointing news announced at an industry conference.
In late trading, Oracle shares gained after the company's sales exceeded market estimates, in a sign that the software development company's cloud computing arm is benefiting from demand for artificial intelligence.
Two-year Treasury yields, which are most sensitive to impending central bank action, fell. There was little change in the Bloomberg spot dollar index. Another drop in oil prices eased concerns about inflation.
