The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are opening higher on Wall Street and oil prices are climbing back after a huge drop the day before.
Trading was relatively subdued early Wednesday ahead of an interest rate policy announcement by the Federal Reserve. The Fed is expected to raise its benchmark interest rate by a quarter percentage point.
General Mills jumped 7.1 percent after the cereal maker reported strong quarterly results.
