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U.S. Stocks Fluctuate Amid Split Views Before Fed Rate Decision
- Economists are divided on rate move amid China, global growth
- S&P 500 rallied 2.2% over previous two trading sessions
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U.S. stocks fluctuated after a two-day rally, as investors’ opinions remained split on whether the Federal Reserve will raise interest rates for the first time in almost a decade.
The Standard & Poor’s 500 Index rose 0.2 percent to 1,998.41 at 12:55 p.m. in New York. The benchmark index gained 2.2 percent over the previous two days. The Dow Jones Industrial Average added 20.58 points, or 0.1 percent, to 16,760.53. The Nasdaq Composite Index increased 0.4 percent. Trading in S&P 500 companies was 20 percent below the 30-day average.