US stocks flat but Nasdaq outperforms as Fed meets
NEW YORK (AFP) - US stocks closed mostly flat on Tuesday, except for a solid gain on the Nasdaq, as investors awaited the outcome of a Federal Reserve monetary policy meeting.
At the closing bell, the Dow Jones Industrial Average was up 1.30 (0.01 per cent) at 15,523.27.
The broad-based S&P 500 added 0.82 (0.05 per cent) at 1,686.15, while the tech-rich Nasdaq Composite Index solidly outperformed, gaining 17.33 (0.48 per cent) at 3,616.47.
The Dow and the S&P 500 drifted in and out of positive territory after Monday's losses, while the Nasdaq maintained gains throughout the session.