Higher open ahead of Fed policy statement

The markets opened higher with the Dow gaining 27 points to 17,159 as investors await the Federal Reserve's policy statement this afternoon. Nasdaq rose 9 points to 4,561.

On the upside

Net Element (Nasdaq: NETE) will enable merchants to accept Apple Pay.

Auxilium Pharmaceuticals (Nasdaq: AUXL) received an acquisition offer from Endo Pharmaceuticals valued at approximately $2.2 billion.

The Canadian unit of United States Steel (NYSE: X) will file for creditor protection.

On the downside

Rackspace Hosting (NYSE: RAX) named Taylor Rhodes to replace Graham Weston as chief executive and ended discussions to sell itself.

Sony (NYSE: SNE) warned that losses for the fiscal year would soar to $2.15 billion, canceled dividend payments and announced plans to eliminate approximately 1,000 positions.

Sunoco Logistics Partners (NYSE: SXL) priced its public offering of 7.7 million common units at the discounted price of $48.46 per unit.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2002. Bitcoin lost $6 to $452.
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