Chip stocks bolster Nasdaq, S&P 500 before Fed verdict By Reuters

(Reuters) - The Nasdaq and the opened sharply higher on Wednesday after a bullish forecast from AMD (NASDAQ:) boosted struggling chip stocks, while Microsoft (NASDAQ:) faltered among megacaps ahead of an interest-rate decision from the Federal Reserve.

The rose 25.5 points, or 0.06%, at the open to 40,768.88. The S&P 500 rose 69.2 points, or 1.27%, at the open to 5,505.59​, while the rose 351.8 points, or 2.05%, to 17,499.231 at the opening bell.

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