US stocks jump ahead of Fed meeting


(MENAFN- AFP) US stocks surged Monday a day before the Federal Reserve begins meeting to review monetary policy, and expectations mounted that it will make no sharp changes to its economic stimulus.

At the close of trade, the Dow Jones Industrial Average was up 109.90 points (0.73 percent) at 15,180.08.

The broad-based S&P 500 advanced 12.34 (0.76 percent) to 1,639.07, while the tech-rich Nasdaq Composite jumped 28.57 (0.83 percent) to 3,452.13.


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