Wall Street Stages Two-day Climb As Investors Warm To Stocks

By Anora MahmudovaMarketsMarketWatch Pulse

U.S. stocks opened higher on Wednesday, building on large gains from the previous session. A jump in oil prices to near $50 a barrel following a report showing a decline in crude inventories, lifted energy and materials stocks. The S&P 500 was up 6 points, or 0.3%, to 2,082. The Dow Jones Industrial Average added 52 points, or 0.3%, to 17,763 at the open. Meanwhile, the Nasdaq Composite began the session up 16 points, or 0.3%, at 4,877.

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