Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates.
The S&P 500 shook off an early loss and closed 0.6 percent higher Tuesday, beating the all-time high it set last week. The Dow Jones Industrial Average rose 0.8 percent and the Nasdaq composite rose 0.4 percent, both closing slightly below their own recent highs.
Treasury yields slipped in the bond market ahead of the Fed’s announcement Wednesday about where it sees rates ending the year. In a historic move, Japan’s central bank raised its benchmark interest rate back to at least zero.
On Tuesday:
The S&P 500 rose 29.09 points, or 0.6 percent, to 5,178.51.
The Dow Jones Industrial Average rose 320.33 points, or 0.8 percent, to 39,110.76.
The Nasdaq composite rose 63.34 points, or 0.4 percent, to 16,166.79.
The Russell 2000 index of smaller companies rose 10.97 points, or 0.5 percent, to 2,035.71.
For the week:
The S&P 500 is up 61.42 points, or 1.2 percent.
The Dow is up 395.99 points, or 1 percent.
The Nasdaq is up 193.62 points, or 1.2 percent.
The Russell 2000 is down 3.62 points, or 0.2 percent.
For the year:
The S&P 500 is up 408.68 points, or 8.6 percent.
The Dow is up 1,421.22 points, or 3.8 percent.
The Nasdaq is up 1,155.44 points, or 7.7 percent.
The Russell 2000 is up 8.63 points, or 0.4 percent.
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