Stocks Opened Mostly Higher with the Dow Continued Bounce

U.S.stocks opened mostly higher on Wednesday, with the Dow Jones Industrial Average continued bounce from an early-week selloff. The Dow lately rose 142.73 points, or 0.52%, to 27,430.91. The S&P 500 rose 5.00 points, or 0.15%, to 3,320.57. The Nasdaq Composite was down 16.30 points, or 0.15%, to 10,947.34.

Oil futures attempted to gain ground Wednesday, with crude trying to find some support after data from an industry trade group showed a fall in fuel inventories. West Texas Intermediate crude for November delivery had been trading higher, but was now off 10 cents, or 0.2%, at $39.72 a barrel. November Brent crude was up 3 cents, or 0.1%, at $41.75 a barrel.

Johnson & Johnson (JNJ) announced on Wednesday that its coronavirus vaccine candidate had entered the late stage clinical phase, becoming the fourth company to do so in the global search for an effective COVID-19 inoculation.