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US Stocks Notch Small Gains

As price of oil falls
By Newser Editors and Wire Services
Posted Sep 17, 2019 3:16 PM CDT
US Stocks Notch Small Gains
In this Sept. 13, 2019, file photo trader Timothy Nick, left, works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing a lackluster session Tuesday with small gains as investors await a Federal Reserve decision on interest rates, the AP reports. The Fed concludes a policy meeting Wednesday and is expected to announce its second rate cut this year. Oil prices gave up a chunk of the huge gains from a day earlier after Saudi Arabia said about half the production lost to a weekend attack was back online. US oil fell 5.7% to $59.34 a barrel. Oil producers and oil services companies lagged the market. Hess fell 3.6%. The Dow Jones industrials rose 33 points, or 0.1%, to 27,110. The S&P 500 gained 7 points, or 0.3%, to 3,005. The Nasdaq rose 32 points, or 0.4%, to 8,186. Bonds rose. The yield on the 10-year Treasury fell to 1.81%. (Read more stock market stories.)

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