U.S. stocks opened higher on Tuesday, with both the Dow and the S&P 500 trading in record territory and the Dow moving closer to the key psychological level of 20,000 as energy companies continued their recent advance. Investors are also looking ahead to the start of a two-day meeting by the Federal Reserve that is widely expected to end with the announcement of higher interest rates on Wednesday afternoon. The Dow Jones Industrial Average rose 0.4%, or 71 points, to 19,863.65, with Chevron Corp. up 0.9%, tracking a 0.6% rise in the price of crude oil. If the blue-chip index closes higher, it will notch its seventh straight gain and end at another record high. The S&P 500 gained 0.3%, or 7.35 points, to 2,264.5. The Nasdaq Composite Index rose added 0.4%, or 20.3 points, to 5,433.
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