Stocks open slightly higher ahead of Fed announcement on the economy and interest rates

Published January 08, 2015

U.S. stocks are rising slightly in early trading, ahead of a Federal Reserve announcement this afternoon that might signal when the central bank will raise interest rates.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,146. The Standard & Poor's 500 index edged up two points, or 0.1 percent, to 2,001. The Nasdaq composite nudged up four points, or 0.1 percent, to 4,557.

The Fed wraps up a two-day meeting later today with a statement and press conference.

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