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Nov 04, 2009 - 10:13 AM EST
Nov. 4, 2009 (United Press International) -- U.S. markets headed higher Wednesday morning in advance of a critical Federal Reserve policy decision to be announced in the afternoon.
The Fed's Open Market Committee will announce policy decisions after a two-day meeting. Investors are typically cautious before an announcement, this one coming with lending rates at historic lows and a tentative recovery underway.
In midmorning trading, the Dow Jones industrial average added 67.64 points, 0.69 percent, to 9,839.55. The Standard & Poor's 500 gained 0.77 percent, 8.02, to 1,053.43. The Nasdaq composite rose 0.37 percent, 7.59, to 2,064.91.
The benchmark 10-year U.S. Treasury fell 9/32 to yield 3.503 percent.
The euro rose to $1.4812 from Tuesday's $1.4712. Against the yen, the dollar rose to 90.75 yen from Tuesday's 90.34 yen.
In Japan, the Nikkei 225 index added 22.66, 0.42 percent, to 9,844.31.
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