Stocks finished on a high note Tuesday, as investors filtered through today's wave of earnings reports on the first day of the Federal Reserve's two-day policy meeting. The tech-heavy Nasdaq gained 308 points, while the S&P 500 and Dow also settled in the black. Small-caps came out with gains too, the Russell 2000 notching its sixth win in the last seven sessions.
All eyes now turn to tomorrow's Fed rate policy decision, with CME's FedWatch tool anticipating a 90.6% chance rates stay steady, but Wall Street eager to hear dot-plot rhetoric from Fed Chair Kevin Warsh.
WTI Breaches $100
Oil prices continued to deflate, as Middle East tensions take a breather as U.S. midterm elections near. December-dated West Texas Intermediate (WTI) futures fell 1.8% to settle at $99.90 per barrel.
Gold prices climbed on the assumption of no rate hike tomorrow. December-dated gold futures settled 0.9% higher at $4,058.80 per ounce.
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