Stocks Rise as Investors Await This Week’s Fed Meeting

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Major U.S. stock indexes

inched up Monday and bond yields hit their highest level in more than a decade as investors looked ahead to the Federal Reserve’s interest-rate decision later this week. 

The S&P 500 rose 26.56 points, or 0.7%, to 3899.89. The broad market index opened with losses but rallied in the last hour of trading, putting it firmly into positive territory. The Dow Jones Industrial Average advanced 197.26 points, or 0.6%, to 31019.68. The technology-focused Nasdaq Composite climbed 86.62 points, or 0.8%, to 11535.02.

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