The US markets witnessed recovery from previous sessions' fall and ended higher on Monday amid drop in oil prices. Besides, buying in tech related stocks helped markets to move higher. Traders were looking forward to Federal Reserve's monetary policy announcement, due on March 18, 2026. Investors took a note of a report released by the Federal Reserve showed that industrial production in the U.S. increased by slightly more than expected in the month of February. The Fed said industrial production rose by 0.2 percent in February after climbing by 0.7 percent in January. The street had expected industrial production to inch up by 0.1 percent. The bigger than expected increase in industrial production came as mining output grew by 0.8 percent in February after climbing by 0.9 percent in January. Some support also came as report released by the National Association of Home Builders showed a modest improvement in U.S. homebuilder confidence in the month of March. The NAHB/Wells Fargo Housing Market Index in the US edged up to 38 in March 2026 from 37 in each of the previous two months, compared to forecasts of 37.  

Dow Jones Industrial Average rose 387.94 points or 0.83 percent to 46,946.41, Nasdaq increased 268.819 points or 1.22 percent to 22,374.18 and S&P 500 added 67.19 points or 1.01 percent to 6,699.38.