U.S. stocks open higher Wednesday after sharpest Wall Street selloff in 2 years


U.S. stocks opened modestly higher on Wednesday as the market attempted to bounce back from its worst loss in two years. The S&P 500 SPX, +0.49% advanced 12 points, or 0.3%, to 3,944. The Dow Jones Industrial Average DJIA, +0.34% gained 77 points, or 0.3%, to 31,182. The Nasdaq Composite COMP, +0.60% gained 47 points, or 0.4%, to 11,680. Tuesday’s market rout was sparked by the consumer-price index, which showed prices paid by ordinary Americans accelerated by more than expected in August. But stocks were bouncing Wednesday after the produce-price index showed prices paid by manufacturers and other businesses softened by more than expected.

This article was originally published by Marketwatch.com. Read the original article here.

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