Wall St. opens slightly higher ahead of Fed’s statement

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Wall St. opens slightly higher ahead of Fed's statement

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 4, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) – U.S. stocks eked out gains at open on Wednesday ahead of the Federal Reserve’s policy statement that is expected to open the door to future interest rate cuts.

The Dow Jones Industrial Average rose 24.62 points, or 0.09%, at the open to 26,490.16. The S&P 500 opened higher by 2.80 points, or 0.10%, at 2,920.55. The Nasdaq Composite gained 16.37 points, or 0.21%, to 7,970.26 at the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Sriraj Kalluvila