On Tuesday, the Dow closed up marginally, after gaining more than 200 points earlier in the session.
, the Dow closed up marginally, after gaining more than 200 points earlier in the session. Apple shares came off their highs following the technology giant's new product event, dragging down the 30-stock average following its new product event.
Technology stocks continued their broad based rally. The Nasdaq Composite rose 1.2%, bringing its week to date gain to more than 3%. The technology heavy index dipped in correction territory last week and suffered its worst weekly performance since March.
"The Fed doesn't like to be involved in politics, even though its inherently a political institution but two months before an election is a very difficult time to put your politics aside," David Zervos, chief market strategist at Jefferies, said on CNBC's "Closing Bell" on Tuesday. "You just have to expect that there's going to be some thought to politics.
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