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Stocks creep higher as Federal Reserve meeting starts

Stocks creep higher as Federal Reserve meeting starts

U.S. stocks inched higher Tuesday in another cautious day of trading as investors kept an eye on central banks in the U.S. and Japan. Healthcare and household goods companies led the way, while energy companies slipped.

Major market indexes were higher all day but returned most of those gains at the close of trading. They rose just enough to cancel out Monday's small losses.

Drug companies helped healthcare stocks make modest gains, while Exxon Mobil fell on reports that it's being investigated by securities regulators. Bond yields slipped, and the dollar was little changed as investors awaited decisions from the Federal Reserve and the Bank of Japan.

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