Dow Nears All-Time High !

The Dow pressed toward its all-time closing high although investors anxiously awaited the Federal Reserve's next move on interest rates when policymakers meet Wednesday. Many on Wall Street are hoping the Fed will signal that an end to its rate tightening is near.

But analysts say the Dow is poised to break its record and could push higher. Ken Tower, chief market strategist for Schwab's CyberTrader, said investors appeared increasingly optimistic about the market, especially after stocks held onto their sharp gains from the end of last week.

"People became much more bullish on Friday morning, and the fact they didn't sober up over the weekend is a very positive sign for the market," Tower said. "Of course, everything depends on the Fed. But at least for the moment, you have to look at the market in a positive light." (CHRISTOPHER WANG)