The Dow and the S&P both wiped out Monday’s losses today as the Dow climbed 189.68 points, or 1.1%. In Europe, the Stoxx Europe 600 ended the session 1.1% higher, snapping a five-session losing streak.
Traders are looking ahead to Wednesday’s statement from the Federal Reserve after its two-day meeting began Tuesday, seeking clues on the timing of an interest-rate increase.