U.S. stocks have rebounded from two weeks of decline with the Dow Jones and S&P 500 closing up on Monday, just one day before the Federal Reserve meeting. The Fed is expected to decide whether or not it will continue the stimulus during its two-day meeting.
The Dow Jones Industrial Average rose by 129.21 points to 15884.57, a 0.82% rise from Friday. That’s down more than 200 points since its Nov. 27 high of 16097.33, the index has still gained more than 17% since the beginning of 2013. The S&P closed up 0.63%, helping to trim its 1.7% drop last week. It has risen 25% over the entire year, thanks to positive reports on the U.S. economy and continued monetary stimulus from the Federal Reserve.