US stocks open slightly higher as traders await earnings, minutes from latest Fed meeting

NEW YORK, N.Y. – U.S. stocks are opening slightly higher as traders get ready for the start of company earnings reports.

Metals maker Alcoa will release its first-quarter results after the closing bell Wednesday. In early trading the stock was up 2 per cent.

Later Wednesday the Federal Reserve will release minutes from its latest policy meeting.

The Dow Jones industrial average rose 50 points, or 0.3 per cent, to 17,927 as of 9:35 a.m. Eastern time Wednesday.

The Standard & Poor’s 500 index increased five points, or 0.3 per cent, to 2,081. The Nasdaq composite rose 18 points, or 0.4 per cent, to 4,929.

The price of oil fell 2.5 per cent to $52.66 a barrel in New York.

Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 1.89 per cent.