(NEW YORK) — As the market got ready for the most important two-day meeting by the Federal Reserve, stocks surged. The Dow Jones closed up nearly 130 points, or 0.82 percent, at 15,884.57.
The blue chips index has been up for two consecutive trading days. The index has been up 145.14, or 0.92 percent, over the last two trading days, with the largest two-day point and percentage gain since Dec. 9, 2013.
Tuesday and Wednesday the Fed will meet to decide if it should pull back on its $85-billion-dollar-a-month stimulus program.
The decision will come on Wednesday and it will be followed by a news conference by the outgoing Chairman of the Federal Reserve Ben Bernanke.
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Madison Park, Keith Allen and Andreas Preuss, CNN