Wall Street opens higher as focus shifts to Fed

(Reuters) – U.S. stocks opened modestly higher on Wednesday as investors digested another set of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day.

The Dow Jones Industrial Average () rose 39.29 points, or 0.15%, at the open to 27,110.71. The S&P 500 () opened higher by 2.85 points, or 0.09%, at 3,039.74. The Nasdaq Composite () gained 7.42 points, or 0.09%, to 8,284.28 at the opening bell.

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