The S&P 500 were little changed on Tuesday as Wall Street looked ahead to this week’s interest rate decision from the Federal Reserve.
The Dow Jones Industrials revived 146.31 points to pause noon hour EST Tuesday at 47,885.63.
The much-broader index recovered 17.27 points to 6,863.78.
The tech-heavy NASDAQ strengthened 43.98 points to 23,589.89.
Shares of Broadcom rose almost 3%, while Nvidia and Microsoft each added about 2%, on the back of a report from The Information that Microsoft is considering designing custom chips with Broadcom.
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 64 cents to $58.24.
Gold prices recovered $31.20 to $4,248.90.
