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Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.Stocks edge higher as investors watch the Fed
May 22, 2013 @ 6:48 am
NEW YORK (AP) - Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve.
The Dow Jones industrial average was up 39 points at 15,424 shortly after the opening bell Wednesday, a gain of 0.2 percent.
The Standard & Poor's 500 index was up four points at 1,673, or 0.2 percent. The Nasdaq composite was up three at 3,505, or 0.1 percent.
The Federal Reserve releases minutes Wednesday from its most recent policy meeting and Chairman Ben Bernanke goes before Congress to testify about the state of the U.S. economy.
Bristol-Myers Squibb jumped 5 percent, or $2.07, to $46.10 after a Citigroup analyst raised his rating on the drugmaker. The analyst said the company could be a big winner with a group of cancer treatments under development.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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