Wall Street Opens Higher as Investors Gear Up for Another Big Rate Hike

By Reuters

Wall Street’s main indexes opened higher on Wednesday ahead of a widely expected hefty rate hike from the U.S. Federal Reserve, with investors awaiting cues on the length and depth of further policy tightening to tame surging price pressures.

The Dow Jones Industrial Average rose 113.2 points, or 0.37 percent, at the open to 30819.39. The S&P 500 rose 15.5 points, or 0.40 percent, at the open to 3871.4​, while the Nasdaq Composite rose 41.2 points, or 0.36 percent, to 11466.21 at the opening bell.

Affiliate News Feeds

  • Washington Examiner
  • The Federalist
  • The Epoch Times
  • The Guardian
  • The Gateway Pundit

CHANTILLY, Virginia — A group of roughly 70 students at Chantilly High School in northern Virginia marched out of class and off school grounds without adult supervision to protest Republican… [...]

President Joe Biden's plan to forgive hundreds of billions of dollars in student loan debt is facing its first serious legal challenge alleging it violates federal law and the Constitution,… [...]

As inflation weighs on the public, 71% of workers claimed their salary and wage growth is being outpaced by a rise in the cost of living. [...]

Historical setbacks and the proliferation of broken homes hurt black Americans, but there’s also something else: Marxism.  [...]

A woman’s death in Iran has sparked mass protests but little response from the Biden administration or ‘the squad’ of congresswomen. [...]

Ryan Busse claims to be a gun industry insider, but he has no interest in advocating for America's hunters and riflemen. [...]

A measure that would reform the Electoral Count Act of 1887 and make it harder for members of Congress to object to or decertify presidential election results has advanced in the… [...]

Sen. Bernie Sanders (I-Vt.) on Monday highlighted the declining state of the economy under President Joe Biden and said he does not believe the passage of the Inflation Reduction Act is… [...]

A federal appeals court in Manhattan handed former President Donald Trump a procedural victory Tuesday in a defamation lawsuit, after famed columnist E. Jean Carroll claimed that Trump had raped… [...]

Bank’s emergency move brings relief to bond market, but fails to stabilise UK currencyOver here, chancellor Kwasi Kwarteng is due to meet bankers again today in an effort to calm… [...]

Threadneedle Street will buy UK government bonds as pound continues to tumble in response to Truss and Kwarteng’s mini-budgetBusiness news today – live updatesThe Bank of England has intervened in… [...]

Will PM and chancellor ignore advice under mounting pressure, which is also coming from US and Germany?IMF urges UK government to reconsider tax-cutting plansLiz Truss and Kwasi Kwarteng have taken… [...]

The night before the line was damaged, thousands of people in Gera in Germany marched against Socialist Olaf Scholz’s policy and the explosion of energy and gas prices in Germany. … [...]

President Trump said Senator Joe Manchin is “off the rails” and “who the hell can blame him?” in a recent post on Truth Social. Manchin agreed on Tuesday to drop… [...]

Remember three weeks ago when Putin and the Russian military were on the ropes and the Ukrainian army was steamrolling through Kharkov? That was then and Urkaine’s promised victory failed… [...]

USNN2020

USNN World News (USNN) USNN World News Corporation is a media company consisting of a series of sites specializing in the collection, publication and distribution of public opinion information, local,...