US stock indices opened slightly higher on Wednesday ahead of the Federal Reserve’s decision on interest rates later in the day.

Investors are hoping for de-escalation in trade tensions with China.

At the opening bell, the Dow Jones Industrial Average rose 127.1 points, or 0.31%, to 40,956.08. The S&P 500 rose 7.3 points, or 0.13%, to 5,614.18​, while the Nasdaq Composite rose 17.2 points, or 0.10%, to 17,706.827.