Stocks Rebound Ahead of Fed Decision; Disney Slams DeSantis Over 'Don't Say Gay' Law
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US stocks close higher ahead of Fed decision
- Stocks recovered from earlier losses to close higher on Tuesday
- S&P 500 led gains, climbing about 0.7%
- Nasdaq jumped 0.5% and Dow rose 0.4%
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Here comes the Fed decision...
- Fed will announce interest rate decision Wednesday
- Wall Street expects rates to be held steady
- Fed has hinted at possibility of future hikes to curb inflation
- Fed chair Powell has warned inflation still too high
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S&P on track for first three-month losing streak
- S&P 500 entered correction territory on Friday
- Nasdaq still up over 22% in 2022, but Dow erased gains
- Mood on Wall Street has soured since summer
- Onus on market to prove it can sustain a rally
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Stocks move higher as S&P 500 leads gains
- Stocks traded higher Tuesday afternoon
- S&P 500 led gains, up about 0.5%
- Nasdaq and Dow both climbed around 0.3%
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Disney slams DeSantis in new court filing
- Disney accused DeSantis of "constitutional mutiny"
- Latest salvo in legal battle over "Don't Say Gay" law
- Disney shares up 1% Tuesday on news