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U.S. stocks open modestly higher ahead of Fed policy decision

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U.S. stocks opened modestly higher Wednesday, as investors await the outcome of the Federal Reserve’s policy meeting. The Dow Jones Industrial Average was up 0.2% soon after the opening bell:

U.S. stocks opened modestly higher Wednesday, as investors await the outcome of the Federal Reserve’s policy meeting. The Dow Jones Industrial Average DJIA was up 0.2% soon after the opening bell, while the S&P 500 SPX rose 0.1% and the Nasdaq Composite COMP gained 0.1%, according to FactSet data, at last check.

The Fed will announce its decision on interest rates at 2 p.m. Eastern Time on Wednesday, with many investors expecting it will hike its benchmark rate by a quarter percentage point to a target range of 5% to 5.25%. Fed Chair Jerome Powell is scheduled to hold a press conference on the central bank’s policy decision...

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