New York – U.S. stocks rose sharply on Tuesday, a day before the start of a crucial Federal Reserve meeting. Policymakers at the U.S. central bank will convene a two-day meeting on Wednesday and may decide to raise interest rates for the first time in close to a decade. The gains were led by industrial stocks.
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On Tuesday:
The Dow Jones industrial average rose 228.89 points, or 1.4 percent, to 16,599.85.
The Standard & Poor’s 500 index gained 25.06 points, or 1.3 percent, to close at 1,978.09.
The Nasdaq composite climbed 54.76 points, or 1.1 percent, to 4,860.52.
For the week:
The Dow is up 166.76 points, or 1 percent.
The S&P 500 index is up 17.04 points, or 0.9 percent.
The Nasdaq is up 38.18 points, or 0.8 percent.
For the year:
The Dow is down 1,223.22 points, or 6.9 percent.
The S&P 500 index is down 80.81 points, or 3.9 percent.
The Nasdaq is up 124.46 points, or 2.6 percent.
The headline talks about “over Rosh Hashana” but goes on to tell you only about Tuesday which is current news. What did the market do on Monday?