Dow gains 200 points as stocks finish higher ahead of September Fed meeting

U.S. stocks finished higher on Monday after wavering between gains and losses for most of the session as investors wait for the Federal Reserve to deliver another jumbo interest-rate hike later this week. The S&P 500 SPX, +0.69% advanced 26.56 points, or 0.7%, to 3,899.89. The Dow Jones Industrial Average gained 197.26 points, or 0.6%, to 31,019.68. The Nasdaq Composite COMP, +0.76% advanced 86.62 points, or 0.8%, to 11,535.02. The next two-day meeting of the Fed’s policy-setting committee begins Tuesday, and will culminate with a decision on the size of the next Fed interest-rate hike on Wednesday — as well as an updated batch of economic projections. Investors expect the Fed to raise its rate target by at least 75 basis points.