(CNBC) — U.S. stocks traded more than 1 percent higher Tuesday as investors eyed data and higher oil prices ahead of the important Federal Reserve meeting that kicks off in one day.
"I think the market's just kind of drifting around a little bit," said JJ Kinahan, chief strategist at TD Ameritrade. "The volume's so light, I think it's the path of least resistance. There's less selling pressure on a given day because of the Fed coming out."
"In today's market it's hard to generalize because there are a fair amount of crosscurrents," said Paul Nolte, portfolio manager at Kingsview Asset Management. He's watching to see if the S&P 500 can hold above 2,000 in the near term.
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