US stocks have opened higher as investors expected the Federal Reserve would announce new support for the sluggish economy following a two-day monetary policy meeting.
The Dow Jones Industrial Average climbed 37.44 points (0.28 per cent) to 13,285.88 in the first 10 minutes of trade, building on a five-day winning streak.
The S&P 500-stock index advanced 4.08 (0.29 per cent) to 1431.92, while the tech-rich Nasdaq Composite added 9.87 (0.33 per cent) at 3032.17.
The central bank's Federal Open Market Committee is due to announce its monetary policy update at 12:30 pm (0430 AEST).
"Wall Street is speculating the Fed will replace the expiring Operation Twist program with a fresh round of Treasury purchases," said Karee Venema of Schaeffer's Investment Research.
On Tuesday, gains in technology shares underpinned Wall Street gains.
The Dow added 0.60 per cent, the S&P 500 rose 0.65 per cent and the Nasdaq 1.18 per cent.Anda sedang membaca artikel tentang
US stocks rise on Fed stimulus hopes
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