U.S. stocks opened higher on Wednesday as investors awaited the latest monetary policy decision from the Federal Reserve. The Dow Jones Industrial Average lately rose 60.32 points, or 0.23%, to 26,653.23. The S&P 500 added 4.31 points, or 0.15%, to 2,950.14. The Nasdaq Composite advanced 29.95 points, or 0.37%, to 8,125.33.
Oil prices took to split paths early Wednesday, with U.S.-priced crude lower after a snapshot of production data revealed a U.S. inventory build. But the international benchmark Brent maintained modest gains, to build on a strong April showing. West Texas Intermediate crude for June delivery was down 31 cents, or 0.5%, at $63.60 a barrel. July Brent crude was up 74 cents, or 1%, at $72.78 a barrel.
The Federal Open Market Committee releases its monetary policy statement at 2 p.m. ET, in which the central bank is widely anticipated to leave key interest rates unchanged at between 2.25% and 2.5%.
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