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Wall Street turns higher after Fed statement


    NEW YORK (Reuters) - U.S. stock turned higher on Wednesday after the Federal Reserve opened the door further to an interest rate hike as early as June.

    At 2:02 p.m., the Dow Jones industrial average rose 40.55 points, or 0.23 percent, to 17,889.63, the S&P 500 gained 7.34 points, or 0.35 percent, to 2,081.62 and the Nasdaq Composite added 9.65 points, or 0.2 percent, to 4,947.08.

    (Reporting by Caroline Valetkevitch; Editing by Bernadette Baum)