Stocks Are Rallying

Google Finance

U.S. stocks are staging a nice rally.

The Dow, the S&P 500, and the Nasdaq are all up 1%.

This comes in the wake of better-than-expected Empire State manufacturing and NAHB homebuilder confidence reports.

On Tuesday, the Federal Reserve will begin its two-day monetary policy meeting.

Most market-watchers agree that this is the most important scheduled event of the week.

While no one is expecting any major near-term change in policy, everyone will be focused on any hints that may signal when the Fed would consider tightening policy.

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