Producers of metals and other raw materials rose as a weaker U.S. dollar buoyed commodities prices and as one steelmaker forecast robust growth.
Steel Dynamics shares soared after the steelmaker's third-quarter earnings growth projection topped Wall Street estimates.
Dollar-sensitive gold futures closed at a new record high of $3688.90 an ounce ahead of the Federal Reserve meeting.
An appeals court denied President Donald Trump's request to fire Fed governor Lisa Cook ahead of the policy-setting gathering.
Fed Chairman Jerome Powell is widely expected to cut interest rates, but could push back on market expectations for a series of cuts.
"The easing cycle will not be straightforward amid stagflation," economists at brokerage Bank of America Global Research said in a note to clients.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 16, 2025 17:20 ET (21:20 GMT)
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