US stock market opens higher

US stock market opens higher

Federal Reserve's 2-day March policy meeting set to begin Tuesday

By Ovunc Kutlu

NEW YORK (AA) - The U.S. stock market opened higher Tuesday ahead of the start of the Federal Reserve's policy meeting.

The Dow added 31 points to start the day at 20,945 and the S&P 500 rose 3 points to 2,392.

The Nasdaq climbed 6 points to begin trading at 6,098 -- a new opening record.

Investors and markets are focused on the two-day policy meeting of the Federal Open Market Committee's March meeting.

The Fed last raised interest rates at the end of its March meeting by 25 basis points on March 15.

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