Stocks opened solidly higher Wednesday, putting Wall Street on track to close out a bruising October on an upbeat note.
The S&P 500 was up 1.1% at 2,712, while the Dow Jones Industrial Average advancd 250 points, or 1%, to 25,123. The Nasdaq Composite was 1.7% higher at 7,281. Shares of Facebook Inc. rose 5.2% in early action, while General Motors Co. advanced 7.5% after quarterly results. For the month, the S&P 500 is set for a nearly 7% decline, while the Dow is headed for a 5% monthly loss and the Nasdaq is set for a 9.5% fall after a tech-led rout.
Source : Bloomberg