Wall St gains ahead of Fed

Stocks post modest gains, nudging S&P towards fresh record, investors digest data, earnings ahead of Fed meeting.

United States stocks were slightly higher as investors shook off mixed economic data and disappointing results from blue-chip drug maker Merck to put the S&P 500 index in position for another record high.

The Dow Jones Industrial Average nudged up 21 points, or 0.1%, to 15,591 points, after slipping into negative territory for most of the morning session.

The S&P 500 index gained three points, or 0.2%, to 1,763 points.

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