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Stocks rebound ahead of Fed decision

Stocks gained Wednesday morning to shake off some losses after a couple of volatile session on Wall Street. Investors looked to the Federal Reserve’s latest statement and press conference to remove some uncertainty on the outlook for monetary policy.

The S&P 500 rose by more than 1% just after the opening bell. The index closed lower for a fifth time in six sessions on Tuesday, extending volatility after Monday’s rollercoaster trading day. The Nasdaq gained more than 2%.