U.S. stocks rose more than 1 percent on Tuesday after data showed healthy growth in consumer spending. But the gains did little to remove uncertainty about whether the Federal Reserve will end seven years of near-zero interest rates when it meets this week.
The Dow Jones industrial average rose 228.89 points, or 1.4 percent, to 16,599.85, the S&P 500 gained 25.06 points, or 1.28 percent, to 1,978.09 and the Nasdaq Composite added 54.76 points, or 1.14 percent, to 4,860.52.
Also read: Brexit Bulletin: A Clean Break
06:13 Pound quivers near three-month low, stocks weak before May's Brexit stance speech17
05:09 Sterling slides to 3-month lows on 'hard Brexit' fears13
01:03 Sterling slides to three-month lows on 'hard Brexit' fears13
22:15 Sterling skids on Brexit anxiety; investors hope for Donald Trump clarity15