Stocks rebound as investors await Federal Reserve meeting and monitor Iran tensions

The short version

• Lower oil prices helped major stock indices rebound on Friday, with the Dow Jones Industrial Average gaining 509 points.[CNBC]
• The Federal Reserve's Open Market Committee convenes on Wednesday for a key interest rate decision.[CNBC]
• Market commentator Jim Cramer cautioned that potential military action involving Iran could disrupt markets and drive oil prices higher.[CNBC]

Key facts

• Falling oil prices helped revive the stock market on Friday, according to Jim Cramer.[CNBC]
• The Dow Jones Industrial Average rose by 509 points, or 0.98%, on Friday.[CNBC]
• The Federal Reserve's Open Market Committee is scheduled to meet on Wednesday.[CNBC]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Cramer’s week ahead: Falling oil could help stocks but Fed is the next big testCNBC