Stocks open modestly higher ahead of Fed minutes

U.S. stocks opened higher on Wednesday as investors returned from Fourth of July holiday and focused on the minutes from the Federal Reserve’s latest policy meeting. The S&P 500 was up by 3 points, or 0.1%, to 2,432. The Dow Jones Industrial Average began the session higher, up 15 points, or 0.1%, at 21,494. The blue-chip index set new intraday high on Monday, though failed to close at a record. The Nasdaq Composite index advanced by 13 points, or 0.2%, to 6,124. Among top decliners, O’Reilly Automotive Inc. shares sank 10% after disappointing sales report. Shares of Vantiv Inc. were halted as the company was in the mix to acquire competing payments processor Worldpay Group PLC after J.P. Morgan Chase & Co. said it wasn’t going to make a formal bid for the Worldpay.

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From:: Stock Market News

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