U.S. stocks opened marginally higher on Wednesday after suffering their worst drop of 2023 a day earlier as investors awaited minutes from the latest meeting of the Federal Reserve. The S&P 500 SPX, -0.01% gained 3.5 points, or 0.1%, to 4,000, the Dow Jones Industrial Average DJIA, +0.
12% increased by 39 points, or 0.1%, to 33,172, the Nasdaq Composite COMP, -0.04% added 36 points, or 0.3%, to 11,530. The Dow dropped roughly 700 points a day earlier as U.S. stocks tumbled in the face of rising Treasury yields, a stronger U.S. dollar and downbeat forward guidance from Home Depot Inc. HD, +1.24% and Walmart Inc. WMT, -1.60%.
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