U.S. stocks rebounded on Tuesday as investors bought the dip a bit following the S&P 500's worst day since May.
The Dow Jones Industrial Average restocked 107.64 points to 34,078.11,
The S&P 500 gained 7.28 points, or 1.7%, to 4,365.01,
The NASDAQ Composite picked up 48.95 points to 14,762.85.
Gains were kept in check as investors awaited the end of the Federal Reserve's two-day meeting, which kicked off Tuesday.
Tuesday's comeback was broad, but slight in magnitude with most major stocks inching only slightly higher. Uber shares were a standout, jumping 6% after raising its outlook for the third quarter.
Energy stocks also bounced big as oil snapped back after selling off Monday as the China property market situation caused concerns about overall global growth. ConocoPhillips was up 2%.
Investors are looking for more information from Fed Chairman Jerome Powell Tuesday about the central bank's plans to taper its bond buying, specifically when that will happen. Powell said last month that he sees the Fed slowing its $120 billion in monthly purchases at some point this year.
The Fed will release its quarterly economic forecasts, the so-called dot plot, along with the statement on interest rates at 2 p.m. ET Wednesday. Powell
Prices for 10-Year Treasurys regained ground, lowering yields to 1.31% from Monday's 1.32%. Treasury prices and yields move in opposite directions.
Oil prices fell 22 cents to $70.07 U.S. a barrel.
Gold prices gained $12.30 to $1,776.10 U.S. an ounce.