U.S. Stocks Open Higher Ahead Of Fed Decision

By Ellie Ismailidou Markets MarketWatch Pulse

U.S. stocks opened slightly higher Wednesday as investors braced for an updated monetary-policy outlook from the Federal Reserve in the afternoon. The main benchmarks were on track to snap a four-day losing streak, the longest streak of declines since the stock market reached its nadir in February. A pair of stronger-than-expected reports on manufacturing and inflation also boosted sentiment. The S&P 500 gained 4 points, or 0.2%, to 2,079. The Dow Jones Industrial Average added 43 points, or 0.3%, to 17,724 at the open. Meanwhile, the Nasdaq Composite began the session up 11 points, or 0.2%, at 4,854.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.