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
    1.3522-0.0061-0.45%
    USDSGD=X
    1.4961+0.0039+0.26%
    EURSGD=X
    1.7878+0.0067+0.38%
    GBPSGD=X
    77.8690+0.806+1.05%
    SGDJPY=X
    5.7338+0.0246+0.43%
    SGDHKD=X
    3.0132+0.023+0.77%
    SGDMYR=X
    9,716.6934+21.5137+0.22%
    SGDIDR=X
    4.9307+0.0214+0.44%
    SGDCNY=X
    1.0129-0.0068-0.67%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,339.90+19.10+1.45%
    GCQ16.CMX
    20.42+0.74+3.74%
    SIU16.CMX
    107.59+4.59+4.46%
    ^XAU
    2.19-0.03-1.53%
    HGU16.CMX
    41.91-1.01-2.35%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.10-0.04
    ^FVX
    1.51-0.05
    ^TNX
    2.23-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.485-0.010-2.02%
    5TP.SI
    0.169+0.004+2.42%
    N21.SI
    0.375+0.010+2.74%
    E5H.SI
    0.131-0.003-2.24%
    43E.SI
    0.163+0.008+5.16%
    O9E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.05+28.83%
    AZG.SI
    0.25+0.05+25.00%
    BLZ.SI
    0.157+0.026+19.85%
    UV1.SI
    0.191+0.026+15.76%
    AZT.SI
    0.35+0.03+11.11%
    AWC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.415-0.075-15.31%
    BLL.SI
    0.205-0.035-14.58%
    D6U.SI
    0.136-0.020-12.82%
    Y06.SI
    0.35-0.05-12.50%
    BDF.SI
    0.245-0.030-10.91%
    PA3.SI