The stock market moved higher on Tuesday. The S&P 500 and the Dow moved higher and recovered some of their losses. During intraday trading, the Dow Jones Industrial Average gained more than 285 points, while the S&P 500 gained about 1%. Investors are currently looking ahead to the Federal Reserve’s decision this week on monetary policy.
The inflation-ridden United States economy is set to withstand the Russian invasion of Ukraine. Bruce Kasman, the chief economist at JPMorgan Chase & Co. (JPM), said, “The U.S. economy has shown already pretty significant resilience in the face of shocks — the underpinnings are healthy.”
