FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. REUTERS/Andrew Kelly

March 16, 2022

(Reuters) – U.S. stock indexes opened higher on Wednesday as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve.

The Dow Jones Industrial Average rose 109.59 points, or 0.33%, at the open to 33,653.93. The S&P 500 opened higher by 25.69 points, or 0.60%, at 4,288.14, while the Nasdaq Composite gained 170.74 points, or 1.32%, to 13,119.37 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Sriraj Kalluvila)

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