U.S. stocks moved higher Tuesday, with investors snapping up stocks after the Labor Day weekend. Jeanne Yurman reports.
Investors returned eager to buy stocks after the holiday weekend. Shares surging across the board, fueled by a global market rally that came after China outlined measures to draw long term investors back into its beaten down equity market. Market watchers expect the volatility to continue ahead of the Fed meeting on interest rates next week. Craig Lazarra of S&P Dow Jones Indices. SOUNDBITE: CRAIG LAZARRA, HEAD OF INDEX INVESTMENT STRATEGY, S&P DOW JONES INDICES (ENGLISH) SAYING: "In terms of market volatility, there will never be a perfect time to increase rates." Apple shares among the Dow leaders one day before it is expected to unveil a larger iPad and refreshed iPhone 6. Reuters has learned it's hiring more artificial intelligence experts to take on Google. Amazon plans to come out with a $50 tablet. The Wall Street Journal says, it'll feature a six-inch screen and mono speakers. Shares of Meredith shot higher. This after Media General said it was buying the publisher of Family Circle for $2.3 billion, making it the third largest owner of local TV stations. In Europe, strong German trade data and the Chinese stock rally drove shares higher.