By Ovunc Kutlu
ISTANBUL (AA) - US stock exchanges on Tuesday closed with gains, reaching new intraday highs for the year, just ahead of the Federal Reserve's interest rate decision.
The Dow Jones was up 173 points, or 0.48%, to finish at almost 36,578. The S&P 500 added 21 points, or 0.46%, to 4,643.
The Nasdaq increased 100 points, or 0.7%, to end the session at 14,533.
The Fed's last two-day meeting of 2023 will conclude on Wednesday at 2.00 p.m. EDT. The central bank is widely expected to hold its benchmark interest rate unchanged at the 5.25%-5.5% target range – the highest in 22 years.
The VIX volatility index, also known as the fear index, fell 4.4% to 12.07. The 10-year US Treasury yield lost 0.8% to 4.206%.
The dollar index decreased 0.3% to 103.80, while the euro added 0.35% to $1.0799 against the greenback.
Precious metals were in negative territory, with gold losing 0.1% to $1,980 per ounce and silver trimming 0.2% to $22.78.
Oil prices lost more than 3.4%, with global benchmark Brent crude at $73.44 per barrel and US benchmark West Texas Intermediate crude at $68.79.