US: Stocks open higher ahead of Fed rate decision

[BENGALURU] Wall Street opened higher on Wednesday ahead of a widely expected hike in interest rates by the Federal Reserve later in the day.

The Dow Jones industrial average rose 69.75 points, or 0.4 per cent, to 17,594.66, the S&P 500 gained 10.72 points, or 0.52 per cent, to 2,054.13 and the Nasdaq Composite index added 38.76 points, or 0.78 per cent, to 5,034.12.

REUTERS