Wall Street gains ground on track for monthly profit

US stock indices rose on Tuesday as investors await the Federal Reserve's decisions and corporate results. 

A batch of results is coming this week, including from Apple, Meta, Amazon, alphabet, and Twitter. 

The Fed is starting its two-day policy meeting today and will issue its decisions tomorrow, expected to hike rates to control inflation.

Earlier US data showed the US consumer confidence index fell to 107.1 in January from 109, missing estimates of 109.1. 

Dow Jones rose 0.2%, or 73 points as of 15:19 GMT to 33,780, while S&P 500 rose 0.4%, or 17 points to 4,035, as NASDAQ added 0.6%, or 70 points to 11,463. 

What's expected for the stocks market? 

Markets await crucial policy meetings this week by the Federal Reserve, Bank of England, and the European Central Banks.

As global central banks stave off inflation, Wall Street is expected to mark monthly profits in January, with S&P 500 heading for the best January since 2019.