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Stocks open higher ahead of Fed announcement

Stocks open higher ahead of Fed announcement

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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, +0.60% was up 236 points, or 0.7%, at 34,534, while the S&P 500 SPX, +1.15% rose 1.2% to 4,409.

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