Wall Street opens higher ahead of Fed announcement

Wall Street opens higher ahead of Fed announcement
Reuters
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The Dow Jones Industrial Average rose 223.09 points, or 0.65 per cent, at the open to 34,520.82.

Agencies
Wall Street's main indexes opened higher on Wednesday after two sessions of turbulent trading, supported by a stellar outlook from Microsoft and ahead of a Federal Reserve policy meeting announcement for cues on its plans to curb inflation.

The Dow Jones Industrial Average rose 223.09 points, or 0.65 per cent, at the open to 34,520.82.

The S&P 500 opened higher by 51.98 points, or 1.19 per cent, at 4,408.43, while the Nasdaq Composite gained 332.47 points, or 2.46 per cent, to 13,871.77 at the opening bell.

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