A look at the day's business news headlines:
Stocks end higher as Fed signals more aid
Stocks recovered from earlier losses to close higher Tuesday after meeting minutes suggested the Federal Reserve will act soon to provide additional support for the economy.
The Dow Jones industrial average rose 10 points, or 0.1 percent, after falling more than 70 points earlier in the session. The S&P 500 gained 4 points, or 0.4 percent. The Nasdaq added 15 points, or 0.6 percent.
Fed policymakers continue to believe that the pace of the economic recovery is slowing, according to minutes from the central bank's September meeting.
The minutes also suggest that the Fed is ready to make good on its previous pledge to provide additional "unconventional measures" to boost the economy.
Treasury yields remain under pressure
Treasury prices headed lower as investors returned from the Columbus Day holiday to a full slate of economic news.
Yields were under pressure Tuesday, ahead of the Federal Reserve minutes, which came out in the afternoon. The 5-year note yield touched a record low and yields on the 10-year note hovered at their lowest level since January 2009.
But yields rose and prices fell after the minutes were released. That's
because the minutes appear to lay the groundwork for Fed action, possibly as soon as its next meeting on Nov. 2-3.
- CNNMoney.com reporters Charles Riley and Ben Rooney contributed to this report.