Wall Street’s main indexes climbed on Tuesday as oil prices extended declines and data showed a softer-than-expected rise in producer prices, with investors remaining focused on the outcome of the Federal Reserve’s two-day policy meeting. Brent crude fell back below $100 a barrel after scaling as much as $139 last week, providing some relief for U.S. stocks that have had a wild ride so far this year on worries about surging inflation and the Fed’s moves to combat it. “There’s a bit of a respite today, in the sense that oil prices are tumbling and markets are reflexively reacting positively to that,” said Todd Lowenstein, chief equity strategist of The Private Bank at Union Bank. “We look oversold and the move looks extreme in the short run, but they’re also proportional to the events that have unfolded before us.” Ten of the 11 major S&P sectors advanced, with technology and …
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