NEW YORK — U.S. stock indexes are edging higher Tuesday as energy companies climb with oil prices and banks move up along with interest rates. The market was recovering some of its losses from a day earlier. Other sectors including retailers and industrials are also bouncing back. Facebook is dropping again following reports the Federal Trade Commission will investigate its handling of user data and Oracle is plunging after releasing disappointing results and forecasts.

KEEPING SCORE: After a drop of 1.4 percent Monday, the S&P 500 index added 5 points, or 0.2 percent, to 2,718 as of 11:30 a.m. Eastern time. The Dow Jones industrial average gained 165 points, or 0.7 percent, to 24,775. The Nasdaq composite rose 14 points, or 0.2 percent, to 7,359. The Russell 2000 index of smaller-company stocks picked 1 point, or 0.1 percent, to 1,572.

More stocks fell than rose on the New York Stock Exchange, however.

ENERGY: Benchmark U.S. crude rose $1.52, or 2.4 percent, to $63.58 a barrel in New York. Brent crude, used to price international oils, gained $1.50, or 2.3 percent, to $67.55 per barrel in London.

Among energy companies, Chevron gained $1.31, or 1.2 percent, to $115.20 and Halliburton added 84 cents, or 1.9 percent, to $45.64.

FED AHEAD: The Federal Reserve’s leaders began a two-day policy meeting that is expected to result in another interest rate increase on Wednesday. The Fed has said it expects to raise interest rates a total of three times this year, and one of the key debates on Wall Street is whether it will wind up increasing rates three times or four. The current meeting is the Fed’s first since Jerome Powell became chairman, and investors will be watching his comments at a press conference Wednesday afternoon.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.88 percent from 2.85 percent. That sent interest rates higher, which allows banks to charge more money on loans.

Lincoln National advanced $1.20, or 1.6 percent, to $77. Insurer AIG climbed 84 cents, or 1.5 percent, to $55.29 and Aflac picked up 66 cents, or 1.5 percent, to $45.36.

FACEBOOK FALLS FURTHER: Facebook continued to skid as investors tried to assess the fallout from reports that Cambridge Analytica, a data mining firm working for President Donald Trump’s campaign, improperly obtained data on 50 million Facebook users without their permission. The company faces investigations in the U.K. and the U.S. According to reports, the Federal Trade Commission will investigate Facebook’s handling of user data and whether it violated the terms of a 2011 agreement with the agency.

Facebook stock lost $8.38, or 4.9 percent, to $164.18. It fell almost 7 percent Monday, its worst loss in four years, is at its lowest price since late September.

Alphabet, which fell 3 percent Monday, lost another $5.06 to $1,095.01. Other social media companies struggled: Twitter plunged $2.96, or 8.5 percent, to $32.02 and Snap lost 60 cents, or 3.7 percent, to $15.82.

REBOUNDING: Amazon recovered $25.70, or 1.7 percent, to $1,570.63 after it dropped Monday. Industrial companies including Caterpillar recovered much of their losses as well. Some major technology companies including Apple, Microsoft and Nvidia moved higher after significant drops a day ago.

CLOUDY VISIONS: Investors were disappointed with Oracle’s third-quarter report. While the company announced a bigger profit than analysts expected, they were less impressed once items like lower tax rates and stock repurchases were excluded, and its sales were lower than Wall Street had forecast. The company’s forecast for the fourth quarter also came up short of estimates. The stock dropped $503, or 9.7 percent, to $46.92.

CURRENCIES: The dollar rose to 106.43 yen from 105.97 yen. The euro fell to $1.2285 from $1.2357.

OVERSEAS: France’s CAC 40 gained 0.3 percent and Germany’s DAX added 0.5 percent. Britain’s FTSE 100 was also 0.5 percent higher. Japan’s benchmark Nikkei 225 lost 0.5 percent while South Korea’s Kospi edged up 0.4 percent. Hong Kong’s Hang Seng inched up 0.1 percent.

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AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP . His work can be found at https://apnews.com/search/marley%20jay

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