U.S. Stocks Weather Late Slide to Finish Higher: Markets Wrap
U.S. stocks closed higher as gains in technology shares helped offset a late slide in financials. Crude oil pushed higher, while the dollar was little changed.
The S&P 500 rose for a third consecutive trading session, led by communication services, real estate and consumer discretionary shares. JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. pushed financials into the red.
Asian stocks look set for a muted start to trading Wednesday as investors await a Federal Reserve meeting to gauge the extent of central bank support for the economic recovery. Futures pointed to modest gains in Australia and Hong Kong, and were little changed in Japan. S&P 500 futures opened relatively flat after the benchmark rose for a third consecutive session, as gains in technology shares helped offset a late slide in financials. Treasuries and the dollar were little changed. Oil rose to its highest in more than a week after economic data from China to the U.S. fueled optimism that factories are getting back to work. The Federal Reserve is expected to maintain its dovish stance at its policy meeting Wednesday.
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