U.S. Stocks Rally; S&P 500, Nasdaq Up For The Month

U.S. equity investors bid up prices on Tuesday ahead of the Federal Reserve's two-day policy meeting, turning the S&P 500 and the Nasdaq Composite positive for the month. Energy, industrials and tech stocks led the gains on the main benchmark. The S&P 500 closed 23 points, or 1.2%, higher at 1,985, turning October into a perfect V-shaped recovery. The Nasdaq Composite ended the day up 78 points, or 1.8%, at 4,564.29. The Dow Jones Industrial Average jumped 188 points, or 1.1%, to 17,005,75, closing above the 17,000 level for the first time since Oct 3.