Dow closes off session lows | Fed meeting in focus | More policy tightening ahead?

The Dow Jones Industrial Average rallied well off its session lows, but closed down Tuesday in another volatile trading day as investors brace for updates from the Federal Reserve.

VIEW IN BROWSER | SUBSCRIBE TUE, JAN 25, 2022 EVENING BRIEF AS OF TUE, JAN 25, 2022 • 04:48 ET DJIA 34297.73 -0.19% -66.77 S&P 500 4356.45 -1.22% -53.68 NASDAQ 13539.29 -2.28% -315.83   Most Active DOW NAME LAST CHG %CHG AAPL 159.78 -1.84 -1.14% MSFT 288.49 -7.88 -2.66% INTC 51.00 -0.94 -1.81% S&P 500 NAME LAST CHG %CHG F 19.98 -0.41 -2.01% AAPL 159.78 -1.84 -1.14% T 26.48 +0.14 +0.53% NASDAQ NAME LAST CHG %CHG AAPL 159.78 -1.84 -1.14% AMD 111.13 -5.40 -4.63% MSFT 288.49 -7.88 -2.66%   EDITOR'S NOTE The Dow Jones Industrial Average rallied well off its session lows, but closed down Tuesday in another volatile trading day as investors brace for updates from the Federal Reserve.   The blue-chip average lost nearly 819 points at its low and gained roughly 226 points at its high of the session. The S&P 500 and Nasdaq Composite both finished the day lower.   Tuesday's action came after markets notched one of the biggest comebacks of in history. The Dow on Monday erased a more than 1,000-point deficit to close higher for the first time ever. The Nasdaq and S&P 500 both also staged their biggest rebounds since 2008 in the heart of the financial crisis. "Market volatility remains elevated as investors are still feeling jittery over ... a potentially aggressive Fed," OANDA's Edward Moya said in a note Tuesday.   The Fed's January meeting is in focus with investors awaiting policy updates and a press conference from Chair Jerome Powell on Wednesday afternoon.   Market participants expect the central bank to signal a rate hike as soon as March with more monetary policy tightening on the table. Hannah Miao | CNBC Associate Markets Reporter @HannahMiao_ Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow closes lower, but well off session lows in another massive comeback The Fed is likely to signal a March interest rate hike and that further policy tightening is coming GM to spend $6.6 billion on EV plant investments in bid to dethrone Tesla in electric car sales by 2025 White House seeks energy security plan for Europe amid Russia-Ukraine crisis FTC sues to block Lockheed Martin acquisition of Aerojet Rocketdyne Berkshire Hathaway's annual meeting — Buffett's 'Woodstock for Capitalists' — set to return in person after 2 years virtual Real estate billionaire Sam Zell says office space will recover 'much faster' than retail 42.7 million people watched the Kansas City Chiefs' thrilling win over Buffalo Bills Casino giant Wynn to open a 1,000-room resort in UAE emirate introducing legal 'gaming' Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says   TOP VIDEO Flying car receives official certificate of airworthiness from the Slovak Transport Authority   CNBC PRO These stocks are now cheap and loved by Wall Street after falling more than 20%   SPECIAL REPORTS After one of the wildest days for the stock market, here's what you should be doing Millions of frustrated taxpayers still waiting on last year's refund as tax season begins   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS