(CNBC) — U.S. stocks closed higher Monday, helped by a pause in the oil price slide amid continued concerns about the high-yield debt market. Investors also awaited the Federal Reserve's rates decision due this week.
The Dow Jones industrial average rose 100 points after earlier falling more than 100 points. Together, Chevron and Exxon Mobil contributed the most to gains, while Boeing and DuPont were the greatest weights on the index.
"The things hanging over the market are fluctuating — energy prices and what the Fed's going to do on Wednesday," said James Meyer, chief investment officer at Tower Bridge Advisors. He said most investors expect the Federal Reserve to raise interest rates for the first time in nine years Wednesday, but the market reaction is uncertain.
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"Until then I think we've got a few days of volatility," Meyer said.