Dow Jones opens higher ahead of March business surveys

US stock indexes opened higher on Wednesday as Intel's shares jumped on plans to expand chip making capacity, while investors looked to business surveys for March and another day of testimonies from the top two US economic officials.

The Dow Jones Industrial Average rose 236.7 points, or 0.73%, at the open to 32,659.31. The S&P 500 rose 18.4 points, or 0.46%, at the open to 3,928.68, while the Nasdaq Composite rose 5.61 points, or 0.04%, to 13,233.30 at the opening bell.