Business

Wall St opens higher ahead of Fed announcement




Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, January 25, 2022. REUTERS / Brendan McDermid

Jan 26 (Reuters) ̵[ads1]1; 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 (.DJI) rose 223.09 points, or 0.65%, at the open to 34,520.82.

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

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Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Maju Samuel

Our Standards: The Thomson Reuters Trust Principles.



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