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Mar 15, 2017

U.S. Stock Market Opens Higher as Fed Rate Hike Looms


marketwatch.com

Anora Mahmudova


By
Reporter
U.S. stocks opened slightly higher on Wednesday as investors prepared for an expected interest-rate hike from the Federal Reserve in the afternoon. Higher oil prices, after days of declines, lifted energy shares. WTI futures for April delivery                                                                                                                                                                                                                        CLJ7, +1.61% rose 1.6%. The S&P 500 SPX, +0.16% rose 5 points, or 0.2%, at 2,370. The Nasdaq Composite COMP, +0.06% advanced 10 points, or 0.2% to 5,866. The Dow Jones Industrial Average DJIA, +0.15% gained 35 points or 0.2%, to 20,874 at the open.