U.S. stocks were up modestly Tuesday, bouncing after the previous session’s rout sent the S&P 500 into a bear market. Investors were looking ahead to the conclusion Wednesday of a two-day Federal Reserve meeting that is now seen potentially delivering a 75 basis point increase to the fed funds rate as policy makers attempt to get a grip on persistently hot inflation. The Dow Jones Industrial Average rose 43 points, or 0.1%, to 30,559, while the S&P 500 was up 0.4% and the Nasdaq Composite gained 0.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
