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Market Snapshot: U.S. stocks set for bounce ahead of Fed, BOJ meetings

Wall Street was set for a higher open on Tuesday, but with stock futures trading in tight ranges as investors remained cautious ahead of two major central-bank decisions.

Futures for the Dow Jones Industrial Average YMZ6, +0.32% rose 57 points, or 0.3%, to 18,108, while those for the S&P 500 index ESZ6, +0.34% gained 8.10 points, or 0.4%, to 2,141. Futures for the Nasdaq-100 index NQZ6, +0.33% advanced 17.50 points, or 0.4%, to 4,811.75.

The gains come after a choppy session on Monday, when stocks SPX, +0.00%DJIA, -0.02% closed essentially flat in anticipation of the closely watched Federal Reserve and Bank of Japan monetary-policy decisions on Wednesday.

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