Stocks rise for second straight day ahead of expected Fed hike; European stocks close higher after ‘flash crash 
U.S. stocks rose slightly on Tuesday as investors looked forward to a pivotal Federal Reserve decision. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 65 points, or 0.2%, and the Nasdaq Composite added 0.2%. 
Tuesday’s gains built on a late rally from the previous session, which saw all three major averages erase sizable losses to close higher for the day. 
The benchmark 10-year Treasury yield retreated after hitting a new milestone on Monday. The bond yield hit 3.01% during the previous session, its highest point since December 2018, but fell back below the 3% level on Tuesday. 
Corporate earnings reports were spurring individual stock moves on Tuesday. 
Chegg’s stock price tumbled nearly 30% after the textbook company issued weak guidance for the full year despite exceeding earnings expectations. Expedia and Hilton tumbled 13% and 4%, respectively, after their quarterly reports. 
On the positive side, shares of Clorox rose more than 4% after the company’s fiscal third quarter results topped expectations. 

The pan-European Stoxx 600 closed up 0.5%, with oil and gas shares adding over 4% to lead the gains as most sectors and major bourses finished in positive territory. 
Corporate earnings continued to drive Europe’s most significant individual share price movement. German raw materials company Covestro fell 4.9% after cutting its guidance while Danish facility management company ISS gained 13.6% after strong first-quarter results. 
Germany’s 10-year bund yield rose above 1% on Tuesday morning for the first time since 2015, just two months after it was below zero. Yields move inversely to prices. 
Source: CNBC, Investing.com