New Delhi, May 7 -- US stock indices edged higher on Wednesday ahead of the Federal Reserve's decision on interest rates later in the day and on hopes of de-escalation in trade tensions with China.

At 09:43 a.m. ET, the Dow Jones Industrial Average rose 221.20 points, or 0.54%, to 41,050.20, the S&P 500 gained 18.42 points, or 0.33%, to 5,625.33, and the Nasdaq Composite gained 43.41 points, or 0.25%, to 17,733.07.

At the opening bell, the Dow Jones Industrial Average rose 127.1 points, or 0.31%, to 40,956.08. The S&P 500 rose 7.3 points, or 0.13%, to 5,614.18, while the Nasdaq Composite rose 17.2 points, or 0.10%, to 17,706.827.

Trump administration on Tuesday said that representatives of the US and China would meet over the weekend i...