Stocks Gain More than 1% Despite Uncertainty Ahead of Fed Meeting

September 17, 2015 8:44 AM

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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.

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