New York: US stocks rebounded early Wednesday, as investors awaited the conclusion of a two-day meeting of the US Federal Reserve’s policymaking panel.

New York Stock Exchange building in New York. Photo: Bloomberg

The tech-heavy Nasdaq Composite opened up 30.12 points (1.16%) to 2,637.08.

The S&P 500 stock index, a broader measure of the markets, gained 17.71 points (1.45%) to 1,235.99.

“The upside bias this morning has been pinned on speculation the Fed might announce a third quantitative easing plan at the conclusion of its FOMC meeting today, with a focus on buying mortgage-backed securities," said analysts at Briefing.com.

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