Market Wall Street closes higher as Federal Reserve soothes recovery worries Updated : June 16, 2020 07:37 AM IST Gains were led by cyclical stocks, with S&P 500 financials enjoying the day's biggest percentage gains. The S&P 500 Banking index rose 1.6 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.