US: Wall Street opens higher ahead of Fed's rate decision

Wall Street's main indexes opened higher on Wednesday, boosted by gains in beaten-down growth and bank stocks, with investors waiting to see how high the Federal Reserve would raise interest rates to quell inflation at its policy meeting.

The Dow Jones Industrial Average rose 205.67 points, or 0.68 per cent, at the open to 30,570.50.

The S&P 500 opened higher by 28.57 points, or 0.76 per cent, at 3,764.05, while the Nasdaq Composite gained 140.06 points, or 1.29 per cent, to 10,968.40 at the opening bell. REUTERS

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