|Day's Range||7,448.31 - 7,501.52|
|52 Week Range||6,877.50 - 7,599.00|
Banks led U.S. stocks mostly higher in afternoon trading Tuesday as the Federal Reserve met to discuss interest rates and the economy. The central bank was expected to raise interest rates for the third time this year on Wednesday. Banks benefit from higher interest rates because they can charge more to lend money.
European stocks close in the green Tuesday, with smart-card maker Gemalto NV and retail giant Steinhoff Holdings NV scoring notable gains.
Bill Gross thinks investors need to avoid parking their money in US (SPX-INDEX) Treasuries (TLT) (BND) during a crisis arising out of a policy mistake, a geopolitical issue, or unexpected risk.
UK shares rose to their highest in a month on Tuesday as rising oil prices boosted energy stocks and the pound retreated, even though British UK inflation rose to its highest in six years. A cheaper pound generally supports the FTSE as the weaker currency translates into an accounting boost for large companies with overseas revenues. The blue-chip FTSE 100 closed up 0.63 percent at 7500.79 points, a level not reached since November 9.
U.S. stocks could test new record highs again Tuesday as investors eye a surge in global oil prices and prep for the Fed's last policy meeting of the year.
European stock markets are higher on Tuesday, but have had difficulty gaining traction as weak German sentiment weighed on the DAX. European yields are moving higher, led by Gilts, after stronger than expected inflation data and as the FTSE 100 moved higher. The unexpected jump in U.K. CPI added to pressure on Gilts, while a slightly weaker than anticipated German ZEW reading supported Bund outperformance, especially as the DAX also struggled as the EUR advanced against dollar and pound.
European stocks closed higher Tuesday, as investors monitored upcoming policy meetings from the Fed and the ECB.
Rising technology and energy shares pushed the S&P 500 higher Monday ahead of a series of central bank meetings around the world this week.
U.S. stocks closed higher on Monday as investors prepared for an expected Federal Reserve rate hike later in the week, while stocks rose around the world on continued solid global economic growth indicators. U.S. stocks edged higher after worries receded over the explosion.