Wall Street climbs as oil prices slide, Fed in focus

Published by
Reuters

By Devik Jain and Sabahatjahan Contractor (Reuters) – U.S. stocks gained ground on Tuesday as oil prices extended declines, while investor focus was squarely on the Federal Reserve’s two-day meeting where policymakers are widely expected to raise interest rates. Nine of the 11 major S&P sectors advanced in early trading, with technology and consumer discretionary stocks climbing the most. Microsoft Corp and Broadcom Inc gained 1.6% and 3.9%, respectively, providing the biggest boost to the S&P 500 and the Nasdaq. Big banks, which tend to benefit from rising interest rates, rose. JPMorgan Chase…

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