Market Opens Higher on Trade Talk Hopes

Major stock exchanges on Wall Street opened with gains on Wednesday, buoyed by news that the United States and China are set to discuss trade relations in Switzerland later this week. This development has injected a dose of optimism among investors, hopeful for a potential deal. Meanwhile, all eyes are on the Federal Reserve's upcoming monetary policy announcement, with expectations leaning towards unchanged interest rates.

Stock Performances at a Glance

The Dow Jones Industrial Average climbed 0.39%, or 155 points, at the opening, with Disney shares surging 11.40%. The Nasdaq 100 saw a modest increase of 0.07%, highlighted by Verisk's 3.63% rise. The S&P 500 also started the day on a positive note, up 0.18%, as Charles River Laboratories' shares jumped an impressive 24.06%.

Currency Movements

In currency markets, the euro was slightly down against the dollar, trading 0.08% lower at 1.13602 by 9:29 am ET.