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Wall Street set to open higher as investors await Fed outcome

Wall Street set to open higher as investors await Fed outcome

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6.30am: US stocks seen opening up US stocks are expected to claw back some of their recent losses when market trading gets underway as investors anticipate an indication from the Federal Reserve that it will start hiking rates in March at the culmination of its two-day Federal Open Market Committee meeting. Futures for the Dow Jones Industrial Average rose 1% in Wednesday pre-market trading, while the broader S&P 500 index gained 1.43% and the Nasdaq 100 added 2.14%.

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