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.
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.