Wall Street opens slightly higher as investors await Fed

US stocks opened slightly higher as oil prices rose on a day when a slew of companies were scheduled to report their quarterly earnings and the U.S. Federal Reserve was set to begin its two-day meeting.

The Dow Jones industrial average rose 27.67 points, or 0.15%, to 18,004.91, the S&P 500 gained 3.33 points, or 0.16%, to 2,091.12 and the Nasdaq composite added 7.99 points, or 0.16%, to 4,903.77.