U.S. stock indexes opened solidly higher Wednesday morning as equity markets attempted to rebound from the previous day's losses, as investors drew optimism from chip-maker results. Investors also were hopeful of a cease-fire between the U.S. and China on trade. The Dow Jones Industrial Average DJIA, +0.17% rose around 100 points, or 0.4%, at 26,650, the S&P 500 index SPX, +0.18% advanced 0.5% at 2,930, while the technology-heavy Nasdaq Composite Index COMP, +0.
Shares of Micron were up 13% in early Wednesday action, while the broader chip-maker sector was also gaining, as reflected in the PHLX Semiconductor Index SOX, +3.47% and the exchange-traded iShares PHLX Semiconductor ETF SOXX, +3.41% up 2.8%. President Trump and Chinese President Xi Jinping are expected to meet at the G-20 in Japan later this week, in a what is seen by analysts as an important moment in the trade dispute between the two nations.