Wall Street opens higher as focus turns to Fed

NEW YORK (Reuters) - Wall Street opened higher on Wednesday with investors' focus on the Federal Reserve's policy statement and news conference by Fed Chairman Ben Bernanke later in the day.

The Dow Jones industrial average (.DJI) gained 58.64 points, or 0.41 percent, to 14,514.46. The Standard & Poor's 500 Index (.SPX) rose 8.84 points, or 0.57 percent, to 1,557.18. The Nasdaq Composite Index (.IXIC) advanced 25.00 points, or 0.77 percent, to 3,254.09.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

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