(Image by Gerd Altmann from Pixabay)
(CNBC) -- The Dow Jones Industrial Average jumped Monday, clawing back some of the steep losses from the previous week, as traders looked ahead to a highly anticipated Federal Reserve meeting and new inflation data.
The blue-chip Dow added 528.58 points, or 1.58%, to 34,005.04. That was its first close over 34,000 since Dec. 2. The S&P 500 gained 1.43% to close at 3,990.56, and the Nasdaq Composite rose 1.26% to 11,143.74.
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A lift in Boeing shares pushed the Dow higher following reports that the airline is close to a deal with Air India. Elsewhere, energy stocks rose as oil prices steadied, following several weeks of declines.
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