US stock indices edged higher in early trading on Wall Street on Wednesday amid a flurry of earnings and ahead of the Federal Reserve’s interest rate policy decision.
At the opening bell, the Dow Jones Industrial Average rose 25.5 points, or 0.06%, to 40,768.88. The S&P 500 rose 69.2 points, or 1.27%, to 5,505.59, while the Nasdaq Composite rose 351.8 points, or 2.05%, to 17,499.231.
The Federal Reserve will announce its monetary policy decision later in the day, followed by Chair Jerome Powell’s press conference.
Among the chip stocks, Advanced Micro Devices climbed 7.5 per cent after reporting better quarterly profit and revenue, and Nvidia surged 7.8 per cent.
Microsoft stock fell 1.4 per cent despite reporting better than expected earnings for the second quarter.
DuPont stock rose 3.9 per cent after its earnings report.
In the bond market, the yield on the 10-year Treasury slipped to 4.10 per cent from 4.14 per cent late on…
