Wall Street Turns Decisively Higher Rallying into the Close

A rally on Wall Street to close the trading day Tuesday on a high note. Stocks climbed on a report that China's central bank is boosting stimulus measures. Investors are also betting the Federal Reserve is not in a rush to raise interest rates. The Fed's two-day policy meeting ends on Wednesday. Chair Janet Yellen will hold a news conference after the decision is released at 2 pm, eastern. U.S. crude futures for October delivery rose more than 2% to settle at $94.99 a barrel. Oil prices rose on OPEC saying it may cut supply. Some big names are set to report earnings Wednesday including Fedex (FDX), General Mills (GIS) and Cracker Barrel (CBRL). Before the bell, we'll get the CPI. Then the much-anticipated FOMC statement at 2pm followed by Fed Chair Janet Yellen's briefing at 2:30, eastern.