Stocks open slightly higher as traders eye Fed speakers, Russia sanctions

Stocks opened slightly higher Thursday as investors eyed meetings between President Joe Biden and Western allies and world leaders and the announcement of additional sanctions against Moscow over Russia's invasion of Ukraine.

Federal Reserve speakers also remained in the spotlight, as expectations grow for a half-point rate rise as early as the central bank's next policy meeting in May. The Dow Jones Industrial Average DJIA, +0.17% rose 27 points, or 0.1%, to 34,386, while the S&P 500 SPX, +0.43% gained 11 points, or 0.2%, to trade at 4,467. The Nasdaq Composite COMP, +0.58% was up 37 points, or 0.3%, at 13,959.

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Jim Cramer Tells Investors to ‘Bow Down to the Fed' and Beware of False Market Optimism“Right now, we need to bow down to the Fed and the forces of inflation,” the “Mad Money” host said Tuesday.
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