U.S. stocks open higher as Yellen-inspired rally continues
U.S. stocks opened higher on Wednesday, set to benefit for a second session from a cautious stance on interest-rate hikes expressed by Federal Reserve Chairwoman Janet Yellen. A private-sector jobs report on Wednesday showed a modest deceleration from the prior month but remained roughly in line with expectations. The S&P 500 opened 7 points, or 0.3%, higher at 2,062. The Dow Jones Industrial Average gained 65 points, or 0.4%, to 17,694. Meanwhile, the Nasdaq Composite began the day up 28 points, or 0.6%, at 4,875.