Stock Market Today: Stocks Gain Ahead of Fed Meeting

Exxon Mobil (XOM) and General Motors (GM) both popped after reporting solid earnings.

stock market ticker board
(Image credit: Getty Images)

 Stocks closed higher Tuesday as investors parsed the latest round of earnings and economic data. 

One of the day's most notable earnings reports came from Exxon Mobil (XOM), with the energy giant reporting record profits for all of 2022. And on the economic front, a welcome reading on inflation hit the newswires as the Federal Reserve kicked off its first policy meeting of 2023. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.