U.S. Stocks Rally Amid Earnings as Crude Shrugs Off China Slump

  • S&P 500 rebounds, Dow adds 283 points as Fed meeting starts
  • American crude briefly tops $32 a barrel, boosting energy

Why Markets Care About Oil’s Sliding Fortune

U.S. stocks advanced, with the Dow Jones Industrial Average notching its best day of the year, as investors looked past another rout in Chinese stocks to focus on a rally in crude, corporate earnings and the start of the Federal Reserve’s first policy meeting since turmoil gripped financial markets.

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