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Wall Street opens higher as focus turns to Fed meet

Kitco News

(Reuters) - Wall Street’s main indexes opened higher on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment.

The Dow Jones Industrial Average rose 36.09 points, or 0.13%, at the open to 28,031.69.

The S&P 500 opened higher by 10.03 points, or 0.29%, at 3,411.23. The Nasdaq Composite gained 31.76 points, or 0.28%, to 11,222.08 at the opening bell.

Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta

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