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Stocks open higher ahead of Fed announcement

MarketWatch
MarketWatch
 2022-01-26
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By Marketwatch
MARKET PULSE

Stocks opened higher Wednesday as investors awaited the outcome of a Federal Reserve meeting that's expected to set the stage for rate increases later this year. The Dow Jones Industrial Average (djia) was up 236 points, or 0.7%, at 34,534, while the S&P 500 (spx) rose 1.2% to 4,409. The Nasdaq Composite (comp) gained 2.1% to 13,824. The Fed isn't expected to take action Wednesday, but is seen signaling a rate increase in March. Investors will be looking for clues to the speed and scope of rate increases and other measures this year. Stocks have fallen in volatile trading this month tied in large part to expectations around the Fed.

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