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The major US indices looked like they may start the month of May off the way they ended the month of April - with declines across the board. The Dow industrial average is down -1.6%. The S&P was down -1.69% and the NASDAQ was down -1.07% in the New York afternoon. However, buyers entered, and erased the declines and closed nearer the high levels of the day.At the closing bell:Dow industrial average rose 84.29 points or 0.26% at 33061.49S&P index rose 23.47 points or 0.57% at 4155.39NASDAQ index rose 201.39 points or 1.63% at 12536.03Russell 2000 rose 18.81 points or 1.01% at 1882.91The Federal Reserve will meet on Wednesday and are expected to increase rates by 50 basis points. Since their last meeting decision on March 16:The DXY index is up 5.3%The 10 year yield is up 83 baais pointsThe Nasdaq is down -6.65% The S&P is down -4.65%That is some headwinds for the market, but inflation remains an unknown, housing continues have supply/demand imbalances (although getting better) and the Fed is behind the curve in getting rates to neutral (2% to 2.5%).