Business Standard

Wall Street opens modestly higher after data

Investors look ahead to a much-anticipated statement from the Federal Reserve

Reuters NEW YORK

US stocks opened modestly higher on Wednesday as the latest round of economic data showed stronger-than-anticipated jobs growth in the private sector and accelerated momentum by the economy.

Investors were looking ahead to a much-anticipated statement from the Federal Reserve.

The Dow Jones industrial average was up 37.26 points, or 0.24 percent, at 15,557.85. The Standard & Poor's 500 Index was up 4.19 points, or 0.25 percent, at 1,690.15. The Nasdaq Composite Index was up 11.68 points, or 0.32 percent, at 3,628.14.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 31 2013 | 7:08 PM IST

Explore News