New York---US stocks snapped a two-day losing streak Tuesday, finishing solidly higher ahead of a Federal Reserve policy announcement expected to shed light on the timing of interest rate hikes.
At the closing bell, the Dow Jones Industrial Average was at 17,904.01, up 112.84 points (0.63 percent).
The broad-based S&P 500 rose 11.93 (0.57 percent) to 2,096.36, while the tech-rich Nasdaq Composite Index advanced 25.58 (0.51 percent) to 5,055.55.
Michael James, managing director of equity trading at Wedbush Securities, said US stocks remain in a "very tight" trading range.
Day-to-day movements are due to trader "emotion and sentiment and positioning ahead of the Fed announcement" on Wednesday, he said.
Better jobs and retail sales data have altered the outlook somewhat for US monetary policy after a weak first quarter. Although the Fed is not expected to lift interest rates Wednesday, Chair Janet Yellen could signal a move is near.
Equity markets in France and Germany rebounded somewhat despite worries over a Greek debt default in the absence of a deal between Athens and international creditors.
AFP
