Wall Street bounces back

US stocks rally almost 1% ahead of crucial Fed Reserve policy meeting.

United States stocks are solidly higher in early afternoon trade, rallying after last week's losses and ahead of this week's US Federal Reserve policy meeting.

At 0500 AEDT, the Dow Jones Industrial Average was up 135.21 points (0.86%) to 15,890.57 points.

The broad-based S&P 500 added 11.09 points (0.62%) to 1,786.41, while the tech-heavy Nasdaq Composite Index gained 27.09 points (0.68%) to 4,028.06.


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