Business
Stocks Gain for Second Day Ahead of Fed’s Interest-Rate Decision
Stocks rose for a second day in a row—and they didn’t even need oil prices to fall this time around.
The Dow Jones Industrial Average rose 47 points, or 0.1%. The S&P 500 was up 0.3%. The Nasdaq Composite was up 0.5%. The major indexes all rose together for a second day in a row for the first time since Feb. 24 and 25, according to Dow Jones Market Data.
Futures tracking the S&P 500 and Dow were both lower before reversing as oil prices pulled back from their overnight highs. At one point the Dow was up 1%, but stocks pulled back from their highs this afternoon as West Texas Intermediate crude oil futures gained 2.9% to $96.21 a barrel.
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