From the ArcaMax Publishing, Business News Newsletter:
http://www.arcamax.com/news/businessnews/s-642426-244661
NEW YORK (UPI) -- U.S. markets headed higher Wednesday in advance of a
critical Federal Reserve policy decision to be announced in the
afternoon.
The Fed's Open Market Committee will announce policy decisions after a
two-day meeting. Investors are typically cautious before an
announcement, this one coming with lending rates at historic lows and
a tentative recovery underway.
In late morning trading, the Dow Jones industrial average added 123.64
points, 1.27 percent, to 9,895.55. The Standard & Poor's 500 gained
1.08 percent, 11.24 points, to 1,056.66. The Nasdaq composite rose
0.88 percent, 18.12, to 2,075.44.
The benchmark 10-year U.S. Treasury fell 9/32 to yield 3.503 percent.
The euro rose to $1.4812 from Tuesday's $1.4712. Against the yen, the
dollar rose to 90.75 yen from Tuesday's 90.34 yen.
In Japan, the Nikkei 225 index added 22.66, 0.42 percent, to 9,844.31.