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S&P opens higher, Nasdaq hits record as all eyes turn to Fed

By Reuters
U.S. stocks
FILE PHOTO: Traders work inside posts, on the first day of in-person trading since the closure during the coronavirus disease (COVID-19) outbreak on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid
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(Reuters) – U.S. stocks opened higher on Wednesday, with Nasdaq hitting another record high, as attention shifted to the Federal Reserve’s first projections on the economy post-coronavirus outbreak.

The Dow Jones Industrial Average (DJI) fell 20.41 points, or 0.07%, at the open to 27,251.89. The S&P 500 (SPX) opened higher by 6.24 points, or 0.19%, at 3,213.42. The Nasdaq Composite (IXIC) gained 58.56 points, or 0.59%, to 10,012.32 at the opening bell.

Reuters
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