Stocks Opened Higher as Tech Regained Ground
- Wednesday, September 9, 2020, 9:48
- Stock Market
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U.S. stocks opened higher on Wednesday, recovering some losses after selloff, with technology stocks in the lead. The Dow Jones Industrial Average lately advanced 239.51 points, or 0.87%, to 27,740.40. The S&P 500 rose 41.79 points, or 1.25%, to 3,373.63. The Nasdaq Composite climbed 180.82 points, or 1.67%, to 11,028.51.
Oil futures bounced early Wednesday, regaining some of the ground lost in a brutal selloff in the previous session. West Texas Intermediate crude for October delivery rose 41 cents, or 1.1%, to $37.17 a barrel. November Brent crude rose 20 cents, or 0.5%, to $39.98 a barrel.
AstraZeneca, the U.K.-based pharmaceuticals giant, said on Tuesday that it would pause the clinical trial of the coronavirus vaccine it is developing with the University of Oxford after a British subject became ill.
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