Stocks Rise as Investors Await Fed Meeting Outcome

NEW YORK (AP) - Investors are getting optimistic that the Federal Reserve will restart some of its economic stimulus programs.

The Associated Press
Specialist Michael Pistillo, left, and traders work on the floor of the New York Stock Exchange Tuesday,

NEW YORK (AP) - Investors are getting optimistic that the Federal Reserve will restart some of its economic stimulus programs.

Stocks have closed moderately higher Monday, a sign that many investors expect the Fed to take steps to put some energy back into
the recovery. The Fed's assessment of the economy, and any plans to
resume its stimulus measures, will be issued after its meeting Tuesday.

Trading was very light as many investors stayed out of the market while they waited for the Fed's decision.

The Dow Jones industrial average rose 45, or 0.4 percent, to 10,698. The Standard & Poor's 500 index rose 6, or 0.5 percent, to 1,127. The Nasdaq composite index gained 17, or 0.8 percent, and closed at 2,305.

Volume came to 725 million shares on the New York Stock Exchange. Advancing stocks were ahead of losers by more than 2 to 1.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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