MW: U.S. stocks rise with German ruling, Fed ahead
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks advanced Tuesday ahead of key decisions this week by Germany’s top court and the U.S. Federal Open Market Committee.
“There’s a bit more sense of hope right now, but it’s cautious optimism,” said Robert Pavlik, chief market strategist at Banyan Partners, citing potential central-bank moves bolstering the global economy.
The Dow Jones Industrial Average DJIA +0.55% gained 70.47 points, or 0.6%, to 13,324.76.
The S&P 500 index SPX +0.34% rose 5.80 points, or 0.4%, to 1,434.89, with energy pacing the gains among its 10 sectors.
The Nasdaq Composite COMP +0.17% climbed 9.73 points, or 0.3%, to 3,113.76.
For each stock sliding two gained on the New York Stock Exchange, where 80 million shares traded as of 9:55 a.m. Eastern. Composite volume neared 420 million.
Kate Gibson is a reporter for MarketWatch, based in New York.
