Opening Bell: U.S. Stocks Gain Steam Ahead of Federal Reserve Statement

U.S. stocks opened higher on Wednesday, as investors awaited the Federal Reserve's June policy statement. Most market participants don't expect the central bank to announce a rate hike. Investors will be laser focused on the Fed's messaging in terms of the pace of rate increases going forward. Best Buy (BBY) - Get Report shares fell after Credit Suisse analysts downgraded the stock to NEUTRAL from OUTPERFORM amid expectations of lower sales for the rest of 2016. Panera Bread (PNRA) is ridding its grocery products, called Panera at Home, of artificial sweeteners and preservatives. TheStreet's Scott Gamm reports from Wall Street.