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The National Association of Home Builders said U.S. homebuilder sentiment was unchanged in September after four straight months of gains,
Microsoft said that its board approved a 22 percent increase in the company's quarterly dividend to 28 cents along with a new $40 billion stock buyback program.
Wall Street opened higher ahead of the start of a Federal Reserve two-day meeting, while inflation data supported the case for the Fed to start to reduce its stimulus measures.
U.S. homebuilders' confidence in the housing market held this month at its highest level in nearly eight years. But builders are starting to worry that sales may slow if mortgage rates continue to rise.