The S&P 500 crossed the record 7,000-mark on Wednesday, ahead of the US Federal Reserve’s rate decision later in the day. The wider index rose 0.3% or 20 points to open at 7,002, whereas the tech-heavy Nasdaq Composite opened 0.6% or 144.55 points higher at 23,961.65.
The Dow Jones Industrial Average was up 0.10% or 51 points at 49,054.02 in the early minutes of trade.
Fed Chair Jerome Powell will announce whether the interest rate will be trimmed, or kept steady, at 2:30 pm EST (12:30 am IST).
(This is a developing story)
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