03:46 PM EDT, 04/29/2024 (MT Newswires) -- US benchmark equity indexes were higher ahead of Monday's close, as markets awaited key corporate earnings and the Federal Reserve's latest monetary policy decision due later in the week.

The Dow Jones Industrial Average was up 0.3% at 38,333.6, while the S&P 500 and the Nasdaq Composite rose 0.1% each to 5,103.8 and 15,941.9, respectively. Among sectors, consumer discretionary led the gainers, while communication services and financials saw losses.

Apple ( AAPL ) , Amazon.com ( AMZN ) , Eli Lilly ( LLY ) , Coca-Cola (KO), Advanced Micro Devices ( AMD ) , McDonald's (MCD), Mastercard ( MA ) , and Pfizer ( PFE ) are among the notable companies scheduled to post their latest quarterly results later this week.

Companies including NXP Semiconductors ( NXPI ) , Welltower ( WELL ) , Paramount Global ( PARAA ) and Logitech International ( LOGI ) are slated to report after Monday's closing bell.

The US 10-year yield dropped 4.1 basis points to 4.63%, while the two-year rate slid 1.9 basis points to 4.98%.

The central bank's Federal Open Market Committee is set to announce its next interest-rate decision Wednesday. Markets are widely expecting that policymakers will keep their benchmark lending rate unchanged at 5.25% to 5.50%, according to the CME FedWatch Tool. That would mark a sixth straight pause.

West Texas Intermediate crude oil dropped 1.3% to $82.74 per barrel.