Stocks were little changed on Tuesday as Wall Street looks ahead to this week’s interest rate decision from the Federal Reserve.
The Dow Jones Industrials revived 146.17 points to kick off Tuesday at 47,885.49.
The much-broader index recovered 13.86 points to 6,860.37.
The tech-heavy NASDAQ edged ahead 0.12 points to 23,546.02.
Traders are waiting for the Fed’s highly awaited interest rate decision on Wednesday, which will be the last of the year.
Markets are betting that the central bank will lower its key overnight lending rate by another quarter percentage point as it did at its meetings in September and October.
Fed funds futures suggest an 89% chance of a decrease, up from under 67% about a month ago.
Prices for the 10-year Treasury were stationery, keeping yields at Monday’s 4.17%.
Oil prices slumped 33 cents to $58.55.
Gold prices recovered $11.40 to $4,229.10.
