US STOCKS-Wall St higher as tech, energy gain; Fed in focus

miércoles 21 de septiembre de 2016 09:58 GYT
 

* BOJ adopts target for long-term interest rates

* Fed statement on monetary policy due 2:00 p.m. ET

* Oil prices rise 1.5 pct

* Indexes up: Dow 0.41 pct, S&P 0.44 pct, Nasdaq 0.48 pct (Updates to open)

By Yashaswini Swamynathan

Sept 21 (Reuters) - Wall Street was higher on Wednesday morning, boosted by gains in technology and energy stocks, ahead of the Federal Reserve's decision later in the day.

The Fed is scheduled to release a statement at 2:00 p.m. ET, followed by Chair Janet Yellen's press conference. While the chances of a hike are marginal this time, investors will comb the central bank's statements for clues about a December hike.

U.S. stocks were also supported by the Bank of Japan's decision to adopt a "yield curve control" under which it will buy long-term government bonds to keep 10-year bond yields at current levels around zero percent.

The BOJ also said it would not hesitate to ease monetary policy to support growth.   Continuación...