US stocks rise on Fed stimulus hopes

US stocks opened higher Wednesday as investors expected the Federal Reserve would announce new support for the sluggish economy following a two-day monetary policy meeting.

The Dow Jones Industrial Average climbed 37.44 points (0.28 percent) to 13,285.88 in the first 10 minutes of trade, building on a five-day winning streak.

The S&P 500-stock index advanced 4.08 (0.29 percent) to 1,431.92, while the tech-rich Nasdaq Composite added 9.87 (0.33 percent) at 3,032.17.

The central bank's Federal Open Market Committee is due to announce its monetary policy update at 12:30 pm (1730 GMT).

"Wall Street is speculating the Fed will replace the expiring Operation Twist program with a fresh round of Treasury purchases," said Karee Venema of Schaeffer's Investment Research.

On Tuesday, gains in technology shares underpinned Wall Street gains.

The Dow added 0.60 percent, the S&P 500 rose 0.65 percent and the Nasdaq 1.18 percent.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3457-0.0002-0.02%
    USDSGD=X
    1.4957-0.0003-0.02%
    EURSGD=X
    2.0955-0.0004-0.02%
    GBPSGD=X
    91.3060+0.0616+0.07%
    SGDJPY=X
    5.7610+0.001+0.02%
    SGDHKD=X
    2.8150+0.0005+0.02%
    SGDMYR=X
    9,933.5156+1.8623+0.02%
    SGDIDR=X
    4.6120+0.0009+0.02%
    SGDCNY=X
    1.0116-0.0002-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,167.80+4.30+0.37%
    GCQ15.CMX
    15.65+0.09+0.60%
    SIU15.CMX
    62.65+1.28+2.08%
    ^XAU
    2.62-0.01-0.53%
    HGU15.CMX
    55.52-1.41-2.48%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65-0.06
    ^FVX
    2.39-0.02
    ^TNX
    3.190.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.156-0.009-5.45%
    5DN.SI
    0.300.000.00%
    5WA.SI
    0.189+0.001+0.53%
    5MC.SI
    0.865+0.015+1.76%
    N03.SI
    0.4150.0000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.09+20.88%
    BAJ.SI
    0.515+0.075+17.05%
    AWV.SI
    0.215+0.031+16.85%
    AZR.SI
    0.22+0.03+15.79%
    AZT.SI
    0.54+0.06+12.50%
    AWZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.06-0.06-50.00%
    5TW.SI
    0.09-0.03-25.00%
    40R.SI
    0.31-0.09-22.50%
    AVW.SI
    0.10-0.02-15.25%
    5I1.SI
    0.33-0.05-13.16%
    5UL.SI