US market opens higher as some chip stocks bounce back after selloff

Wall Street's main indexes opened higher on Thursday as some chip stocks rebounded, while investors digested commentary from Federal Reserve officials to ascertain the outlook for interest-rate cuts.

The Dow Jones Industrial Average rose 93.90 points, or 0.25%, at the open to 37,847.21.

The S&P 500 opened higher by 9.31 points, or 0.19%, at 5,031.52, while the Nasdaq Composite gained 22.32 points, or 0.14%, to 15,705.70 at the opening bell.

More to come...