US stocks today: S&P 500, Nasdaq advance as oil eases ahead of Fed decision

U.S. stocks advanced as the S&P 500 and Nasdaq moved higher, while oil prices eased ahead of a Federal Reserve decision.

Stocks advance as oil prices ease

The rise in the major U.S. indexes came alongside a decline in oil prices. The market move places attention on both the performance of equities and developments in the energy market as the Federal Reserve prepares to announce its decision.

Fed decision remains the key event

The upcoming Federal Reserve decision is the central event in the market backdrop described in the report. The S&P 500 and Nasdaq gains occurred before that decision, while the easing in oil prices provided an additional development for markets to track.

With no further details provided on the size of the stock gains, the oil-price move or the Federal Reserve’s expected decision, the immediate picture remains limited to higher U.S. stocks and softer oil prices ahead of the announcement.