The markets opened higher ahead of a decision on interest rates with economists expecting the Federal Reserve to stand pat. The Dow rose 51 points to 11,858 while Nasdaq surged 30 points to 2398.
On the upside
On the downsideIndustrial parts manufacturer Rockwell Automation (NYSE: ROC) lowered its full-year profit guidance due to slowing sales in the U.S. and Europe.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on
the NYSE and by more than 2 to 1 on Nasdaq. The
Russell 2000 which tracks small cap stocks gained 9 points to 717.