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Jan. 26, 2022, 9:35 a.m. EST

Stocks open higher ahead of Fed announcement

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By William Watts

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 /zigman2/quotes/210598065/realtime DJIA -0.75% was up 236 points, or 0.7%, at 34,534, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.58% rose 1.2% to 4,409. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.26% 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.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,253.13
-236.94 -0.75%
Volume: 517.19M
May 19, 2022 4:57p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,900.79
-22.89 -0.58%
Volume: 2.77B
May 19, 2022 4:57p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,388.50
-29.66 -0.26%
Volume: 4.38M
May 19, 2022 5:16p
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