Stocks rose in overnight trading and continued to nudge higher in early trading as investors look forward to this week’s FOMC meeting where they are hoping for further expansion of the Fed’s policies will support risk assets. Treasury yields were flat in overnight trading and dipped slightly in early trading even though there is no scheduled QE purchase today.
Stocks closed higher on the day but were unable to hold their intra-day highs. Treasury yields and crude oil were flat on the day. The dollar closed lower after bouncing back from its early morning lows.