Dow rises 380 points as investors await Fed decision, SpaceX extends rally

US stocks opened higher on Tuesday, continuing from Monday's strong performance. The Dow Jones Industrial Average rose 383 points after the blue-chip index closed at a record high in the previous session. The S&P 500 surged 1.65% while the Nasdaq 100 fell 0.19%. The S&P 500 trades at 32.59 times earnings, compared with 24.63 times for the Dow Jones Industrial Average and 33.10 times for the Nasdaq 100. Investors shifted their attention to the Federal Reserve's upcoming interest rate decision on