Wall Street Opens Higher Ahead of Key Fed Decision
What Happened
US stocks opened higher on Wednesday as investors awaited the Federal Reserve's interest-rate decision. Early trading saw the S&P 500 rise about 0.2%, the Nasdaq gain 0.4%, while the Dow Jones hovered around flat to slightly positive territory. Markets recovered after Tuesday's selloff, even as the 10-year Treasury yield remained near a 19-year high and oil prices stayed above $100 per barrel. Strong US retail sales data, which rose 1.2% in August, also supported sentiment.
Key Takeaways
Investors are focused on the Fed's policy decision and guidance on future interest rates. While technology stocks are helping lift the market, elevated bond yields and inflation concerns continue to keep traders cautious.