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Wall Street Opens Higher Ahead of Fed on China Relief; Dow up 200 Pts By


© Reuters.

By Geoffrey Smith — U.S. stock markets opened higher on Wednesday but for most stocks it was a case of ‘wait-and-see’ while the Federal Reserve winds up its latest policy meeting. 

China provided support, with a vaguely worded statement by China Evergrande (real estate developer) indicating that it had reached an agreement to pay interest on Thursday. There was no mention made of any future debt repayments. 

With a 4.9% increase in weekly, there was also evidence of continued strength in the housing sector. At 10 AM ET, data for August is due. 

By 9:35 AM ET (1335 GMT), the was up 201 points, or 0.6%, at 34,121 points. The was up 0.4% and the was up 0.2%

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