U.S. stocks open higher, rebound from steep sell-off

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A trader works at the New York Stock Exchange in New York, the United States, on Nov. 4, 2019. U.S. stocks ended higher on Monday. The Dow Jones Industrial Average rose 114.75 points, or 0.42 percent, to 27,462.11. The S&P 500 rallied 11.36 points, or 0.37 percent, to 3,078.27. The Nasdaq Composite Index was up 46.80 points, or 0.56 percent, to 8,433.20. (Xinhua/Wang Ying)
A trader works at the New York Stock Exchange in New York, the United States, on Nov. 4, 2019. U.S. stocks ended higher on Monday. The Dow Jones Industrial Average rose 114.75 points, or 0.42 percent, to 27,462.11. The S&P 500 rallied 11.36 points, or 0.37 percent, to 3,078.27. The Nasdaq Composite Index was up 46.80 points, or 0.56 percent, to 8,433.20. (Xinhua/Wang Ying)

U.S. stocks opened higher on Wednesday, rebounding from a steep sell-off in the previous two sessions.

Shortly after the opening bell, the Dow Jones Industrial Average increased 139.43 points, or 0.51 percent, to 27,220.79. The S&P 500 was up 21.25 points, or 0.68 percent, to 3,128.21. The Nasdaq Composite Index added 74.41 points, or 0.83 percent, to 9,040.02.

Most of the 30 Dow component companies traded in green territory, with Boeing and 3M adding 2.52 percent and 2.39 percent, respectively, leading the gainers.

Ten of the 11 primary S&P 500 sectors traded higher. Information technology and materials gained 1.19 percent and 0.93 percent, respectively, leading the advancers.

On data front, U.S. Commerce Department said on Wednesday that sales of new single-family houses last month were at a seasonally adjusted annual rate of 764,000, up 7.9 percent compared with the revised December number. Enditem

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