Stocks Rebound Ahead of Fed Decision; Disney Slams DeSantis Over 'Don't Say Gay' Law

US stocks close higher ahead of Fed decision

• Stocks recovered from earlier losses to close higher on Tuesday
• S&P 500 led gains, climbing about 0.7%
• Nasdaq jumped 0.5% and Dow rose 0.4%

Here comes the Fed decision...

• Fed will announce interest rate decision Wednesday
• Wall Street expects rates to be held steady
• Fed has hinted at possibility of future hikes to curb inflation
• Fed chair Powell has warned inflation still too high

S&P on track for first three-month losing streak

• S&P 500 entered correction territory on Friday
• Nasdaq still up over 22% in 2022, but Dow erased gains
• Mood on Wall Street has soured since summer
• Onus on market to prove it can sustain a rally

Stocks move higher as S&P 500 leads gains

• Stocks traded higher Tuesday afternoon
• S&P 500 led gains, up about 0.5%
• Nasdaq and Dow both climbed around 0.3%

Disney slams DeSantis in new court filing

• Disney accused DeSantis of "constitutional mutiny"
• Latest salvo in legal battle over "Don't Say Gay" law
• Disney shares up 1% Tuesday on news