Most US stock indices advanced early on Tuesday ahead of the important Federal Reserves policy meeting this week.

The Fed will open its two-day policy meeting later today to discuss latest inflation data which continued to prove resilient.

Tomorrow, the Fed will announce its results, with Fed Chair Jerome Powell holding a subsequent press conference to discuss the decisions.

Theres a 99% chance that the Federal Reserve will hold interest rates unchanged according to the Fedwatch tool.

Earlier government data showed housing starts surged by 10.7% m/m in February, and by 5.9% y/y.

Building permits rose by 1.9% m/m last month, and by 2.4% y/y.

On trading, Dow Jones rose 0.5%, or 197 points to 38,985, while SP 500 rose 0.1%, or 2 points to 5151, as NASDAQ shed 0.3%, or 41 points to 16,061.