Stocks rebound from earlier losses in volatile trading ahead of the Fed decision, Dow gains 100 points


Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City.

Michael M. Santiago | Getty Images News | Getty Images

Stocks rebounded from their earlier losses on Monday in a volatile trading session ahead of the Federal Reserve’s two-day policy meeting slated to begin this week.

The Dow Jones Industrial Average traded 126 points, or 0.41% higher, while the S&P 500 and Nasdaq Composite gained 0.29% and 0.23%, respectively.

Investors are focused on the Fed’s latest policy meeting slated to begin Tuesday. The central bank is expected to raise interest rates by another three-quarters of a point, though investors are also watching for guidance about corporate earnings before the next reporting season begins in October .

All 11 major S&P 500 sectors rose or traded flat, led to the upside by consumer discretionary, industrials and materials. Health care was the laggard, falling 1.3%.

Stocks slid last week as investors reacted to a hotter-than-expected inflation report and a dismal warning from FedEx about a “significantly worsened” global economy. The major averages posted their fourth weekly loss in five weeks and hovered near two-month lows.

Beyond the Fed meeting, there are just a few economic data releases on deck this week, including August housing starts on Tuesday and initial jobless claims on Thursday.

—CNBC’s Patti Domm contributed reporting.



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