US stocks open higher as banking crisis fears ebb

Wall Street's main indexes opened higher on Wednesday as easing worries about a banking crisis lifted risk sentiment, while investor expectations rose about a pause in the Federal Reserve's interest rate hikes.

The Dow Jones Industrial Average rose 172.29 points, or 0.53%, at the open to 32,566.54.

The S&P 500 opened higher by 28.26 points, or 0.71%, at 3,999.53, while the Nasdaq Composite gained 139.51 points, or 1.19%, to 11,855.59 at the opening bell.