Wall Street's main indexes opened higher on Thursday, a day after the Federal Reserve hinted an end to its recent aggressive rate hikes and signaled that borrowing costs would be lower next year.

The Dow Jones Industrial Average rose 25.39 points, or 0.07 percent, at the open, to 37,115.63. The S&P 500 opened higher by 13.95 points, or 0.30 percent, at 4,721.04, while the Nasdaq Composite gained 64.76 points, or 0.44 percent, to 14,798.72 at the opening bell.