U.S. stocks were higher on Tuesday, as Wall Street broke its longest losing streak of 2015.
All three major indices (Dow, NASDAQ, S&P 500) have finished in the red for five consecutive days, shedding anywhere from 2.5%-4% in that time. Investors hoping to stop the bleeding turned their attention to oil prices, which bounced back over $48 per barrel today.
Meanwhile, the Federal Reserve committee kicked off its two-day meeting. Many are hoping for further guidance on the timing of the first interest rate hike in almost 10 years.
The day didn’t pass without discouraging data, however. The Consumer Confidence Index read only 90.9 for July—a drop of 9 points from June, and far below the expected reading of 100.
Here are the final numbers from Tuesday on Wall Street:
Dow Jones Industrial Average: 17,630.27 (+189.68)
NASDAQ: 5,089.21 (+49.43)
S&P 500: 2,093.25 (+25.61)