U.S. stock markets kicked off Wednesday’s trading session on an upbeat note, with semiconductor stocks bouncing back ahead of a closely watched interest rate announcement from the Federal Reserve.
When trading began at 9:30 a.m. Eastern Time, the Dow Jones Industrial Average edged up 11.12 points, a gain of 0.02%, reaching 52,010.79. The S&P 500 climbed 8.44 points, or 0.11%, to land at 7,519.79, while the Nasdaq Composite posted a stronger advance of 113.22 points — up 0.43% — to hit 26,489.56.
The day’s market activity comes as Wall Street waits for the first interest rate decision under Federal Reserve Chair Kevin Warsh, who now leads the nation’s central bank.
