U.S. Stocks Open Higher Ahead Of Fed Announcement

U.S. stocks opened slightly higher after two straight days of modest declines as investors braced for the Federal Reserve's announcement on interest rates. Investors are not anticipating a rate hike during today's meeting, however, they are hoping to get some indication from the policy makers whether it will happen in December. The S&P 500 opened 4 points, or 0.2%, higher at 2,070. The Dow Jones Industrial Average gained 48 points, or 0.3%, to 17,629 at the open. The Nasdaq Composite began the day up 7 points, or 0.2%, at 5,037.

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