Global Stocks: U.S. stock indices rose

U.S. stock indices closed higher on Tuesday as stocks continued tracking oil prices.

The Dow Jones Industrial Average gained 282 points, or 1.8%, to 17,167. The S&P 500 rose 26.55 points, or 1.4%, to 1,903 (all of its 10 sectors rose). The Nasdaq Composite rose 49.2 points, or 1.1%, to 4,567.

The S&P's energy sector gained 3.8%, but it's still down 7.8% for the year.

Activity in the services sector of the U.S. economy has slowed its growth at the beginning of the year. A preliminary report by Markit Economics reflected this change. The Services PMI declined to 53.7 in January from 54.3 in December marking the slowest expansion since December 2014, although it still suggests growth.

This morning in Asia Hong Kong Hang Seng rose 0.88%, or 166.31, to 19,027.11. China Shanghai Composite Index plunged 2.56%, or 70.36, to 2,679.43. The Nikkei jumped 2.93%, or 490.36, to 17,199.26.

Asian stock indices traded mixed. Japanese stocks rose on expectations of BOJ's monetary policy easing.

Chinese stocks climbed at the beginning of the session, but dropped sharply later on. Investors are cautious ahead of the end of the Fed meeting.