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    US stocks open higher after selloff as traders reassess rate bets

    Synopsis

    The Dow Jones Industrial Average rose 99.92 points, or 0.26%, at the open to 38,372.67.

    US stock market todayAP
    Pedestrians pass the New York Stock Exchange as snow falls on Tuesday in New York
    Wall Street's main indexes opened higher on Wednesday, recovering from a selloff in the previous session after a hot inflation report clouded the timing for the Federal Reserve's first interest-rate cut this year.

    The Dow Jones Industrial Average rose 99.92 points, or 0.26%, at the open to 38,372.67.

    The S&P 500 opened higher by 23.27 points, or 0.47%, at 4,976.44, while the Nasdaq Composite gained 126.11 points, or 0.81%, to 15,781.71 at the opening bell.

    More to come....



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