1/26, 3:30 PM (Source: TeleTrader)
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Dow opens 300 pts higher in anticipation of Fed's call

Major stock markets in the United States opened higher on Wednesday ahead of the Federal Reserve's new decision on interest rates and the Federal Open Market Committee's (FOMC) press conference. Earlier, AT&T Inc. and Abbott Laboratories posted annual rises in their fourth-quarter revenues. Tesla Inc., Intel Corporation, and Levi Strauss & Co. will also unveil their financial results later in the day.

During today's trading sessions, the US will also see its latest results in new home sales and changes in stocks of crude oil.

The Dow Jones Industrial Average opened 0.90% or 309 points higher as Microsoft Corporation went up by 4.59%. The Nasdaq 100 advanced by 2.470, with Datadog surging by 7.95%. The S&P 500 rose by 1.49% as Corning Inc. rocketed by 13.71%. The euro lost 0.09% to the dollar at 9:28 am ET to sell for $1.12946.

Baha Breaking the News (BBN) / JR