US: Wall St opens higher ahead of expected rate hike

[NEW YORK] US stocks opened slightly higher on Wednesday ahead of a widely expected Federal Reserve interest rate hike, with investors focusing on the central bank's steer on the pace of monetary tightening.

The Dow Jones Industrial Average rose 44.65 points, or 0.17 per cent, at the open to 26,536.86.

The S&P 500 opened higher by 1.42 points, or 0.05 per cent, at 2,916.98. The Nasdaq Composite gained 4.21 points, or 0.05 per cent, to 8,011.68 at the opening bell.

REUTERS