Stocks Climb as Oil Retreat Tempers Fed Jitters
The Nasdaq and S and P 500 rose following a two-day slide driven by lower oil prices. Investors awaited the Federal Reserve interest rate decision amid elevated yields.
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The Nasdaq Composite and S&P 500 climbed during the midday session on September 16, lifted by falling oil prices as investors awaited an upcoming Federal Reserve interest rate decision. The advance follows a two-day slide across major U.S. indexes. Traders are pricing in a 91% probability of a rate increase.
