Stocks open higher on Wall Street ahead of Fed

June 17, 2013 @ 6:48 am


In this Tuesday, June 11, 2013, photo, specialist Christopher Carella works on the floor of the New York Stock Exchange. Global stock markets edged up Monday June 17, 2013 amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. (AP Photo/Richard Drew) | Zoom

NEW YORK (AP) - Stocks are opening higher on Wall Street ahead of a two-day meeting of Federal Reserve policymakers.

Traders have been trying to figure out when the Fed will start to cut back on its huge bond-buying program, which has been lifting bond prices, keeping interest rates low and encouraging people to buy stocks.

A survey of manufacturing in the Northeastern U.S. was stronger than expected.

The Dow Jones industrial average rose 144 points, or 1 percent, to 15,218 points in the first few minutes of trading Monday.

The Standard & Poor's 500 index rose 14 points, or 0.9 percent, to 1,641. The Nasdaq composite was up 31 points, also 0.9 percent, to 3,455.

Netflix jumped 6 percent to $226 after announcing a deal to run original television series from Dreamworks Animation.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
More Money News
Top Stories

  • This Is Reality
    For Seattle's Jason and Molly Mesnick, life is a far cry from the glamour of the 'The Bachelor'

  • Pink Protest
    Taxi drivers are upset about unlicensed ride-sharing companies in Seattle like Lyft

  • Busted
    DNA on Gatorade bottles helps bust Washington's biggest copper theft ever
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments