Stocks open higher on Wall Street ahead of Fed

Strong open on Wall Street ahead of Federal Reserve meeting; Netflix jumps on Dreamworks deal

Associated Press
Stocks open higher on Wall Street ahead of Fed
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In this Tuesday, June 11, 2013, photo, specialist Christopher Carella works on the floor of the New York Stock Exchange. Global stock markets edged up Monday June 17, 2013 amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stocks are opening higher on Wall Street ahead of a two-day meeting of Federal Reserve policymakers.

Traders have been trying to figure out when the Fed will start to cut back on its huge bond-buying program, which has been lifting bond prices, keeping interest rates low and encouraging people to buy stocks.

A survey of manufacturing in the Northeastern U.S. was stronger than expected.

The Dow Jones industrial average rose 144 points, or 1 percent, to 15,218 points in the first few minutes of trading Monday.

The Standard & Poor's 500 index rose 14 points, or 0.9 percent, to 1,641. The Nasdaq composite was up 31 points, also 0.9 percent, to 3,455.

Netflix jumped 6 percent to $226 after announcing a deal to run original television series from Dreamworks Animation.

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