Wall Street Opens Higher Ahead of Fed Announcement

Wall Street Opens Higher Ahead of Fed Announcement
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Jan. 25, 2022. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes opened higher on Wednesday after two sessions of turbulent trading, supported by a stellar outlook from Microsoft and ahead of a Federal Reserve policy meeting announcement for cues on its plans to curb inflation.

The Dow Jones Industrial Average rose 223.09 points, or 0.65 percent, at the open to 34,520.82. The S&P 500 opened higher by 51.98 points, or 1.19 percent, at 4,408.43, while the Nasdaq Composite gained 332.47 points, or 2.46 percent, to 13,871.77 at the opening bell.