Light Snow
15°FLight SnowFull Forecast

U.S. stocks rise ahead of Fed policy meeting

Published: Monday, June 17, 2013 3:17 p.m. CST • Updated: Tuesday, June 18, 2013 8:22 a.m. CST

NEW YORK – Stocks are closing higher as traders hope that the Federal Reserve will decide to continue its economic stimulus program when it meets this week.

The Standard & Poor's 500 index climbed 12 points, or 0.8 percent, to close at 1,639 Monday. Energy and technology stocks rose the most.

The Dow Jones industrial average rose 109 points, or 0.7 percent, to 15,179.

The Nasdaq composite rose 28 points, or 0.8 percent, to 3,452.

Traders think Fed officials will determine that the economy isn't recovering fast enough. That could influence the Fed to keep interest rates low to encourage borrowing and spending.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was lighter than average at 3.1 billion shares.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

More News

Reader Poll

How long do you think it will be before the Bears reach a Super Bowl?
In the next three seasons
In the next four to five seasons
In the next six to 10 seasons
In more than 10 seasons