U.S. stocks edged higher at open on Wednesday, as investors await the latest monetary policy decision from Federal Reserve officials. The Dow Jones Industrial Average lately rose 98.88 points, or 0.42%, to 23,774.52. The S&P 500 advanced 11.42 points, or 0.45%, to 2,557.58. The Nasdaq Composite gained 40.97 points, or 0.60%, to 6,824.88.
Oil markets traded higher Wednesday after a plunge a day earlier pushed the U.S. benchmark down to its lowest finish in nearly 16 months. January West Texas Intermediate crude was up 31 cents, or 0.7%, at $46.55 a barrel. February Brent recovered some 13 cents, or 0.2%, at $56.39 a barrel.
General Electric Co. (GE), diversified industrial company, had confidentially filed for an initial public offering of its health-care unit, Bloomberg reported.
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