U.S. stocks extend gains as investors expect no change to interest rates (SP500:)

The S&P 500 closed up 0.3% as Wall Street's major averages ended higher while the Federal Reserve kicked off its two-day policy meeting. Traders widely expect the Fed to keep interest rates unchanged, supporting a modest risk-on tone ahead of an outcome that could still move markets depending on the statement and guidance.

Analysis

The S&P 500 closed up 0.3% as Wall Street's major averages ended higher while the Federal Reserve kicked off its two-day policy meeting. Traders widely expect the Fed to keep interest rates unchanged, supporting a modest risk-on tone ahead of an outcome that could still move markets depending on the statement and guidance.