US: Wall St gains at open as yields slip ahead of Fed rate verdict

WALL Street’s main indexes opened higher on Wednesday (Sep 20) as Treasury yields retreated ahead of a likely pause in the Federal Reserve’s policy tightening campaign, though concerns over rates staying higher for longer kept investor sentiment in check.

The Dow Jones Industrial Average rose 57.77 points, or 0.17 per cent, at the open to 34,575.50.

The S&P 500 opened higher by 8.86 points, or 0.20 per cent, at 4,452.81, while the Nasdaq Composite gained 32.07 points, or 0.23 per cent, to 13,710.26 at the opening bell. REUTERS