Higher open as Fed meets

The markets opened modestly higher with the Dow rising 18 points to 22,349 as the Federal Reserve begins its two day policy meeting. Nasdaq gained 11 points to 6,465.


On the upside


Kohl's (NYSE: KSS) will accept returned items that were purchased through Amazon (Nasdaq: AMZN) at 82 locations in Los Angeles and Chicago beginning in October.


Sprint (NYSE: S) offered to trade customers an iPhone 8 for an iPhone 7, Samsung Galaxy S8 or Samsung Note 8.


Jimmy Choo shareholders have approved the $1.2 billion acquisition offer from Michael Kors (NYSE: KORS).

On the downside


Best Buy (NYSE: BBY) will webcast an updated Best Buy 2020: Building the New Blue growth strategy this afternoon.


The Federal Trade Commission approved revised deal for Walgreens (NYSE: WBA) to acquire 1,932 Rite Aid (NYSE: RAD) stores, three distribution centers plus inventory for approximately $4.375 billion in cash.

Envision Healthcare (NYSE: EVHC) will repurchase up to $250 million in company stock.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 added 3 points to 2,506. Bitcoin tumbled $69 to $3,998.


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