Stock indexes open higher Wednesday as market tries to rebound from late-Tuesday slump

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U.S. stocks opened higher Wednesday, as investors resumed buying under-loved energy and financial stocks, following a late-session downturn the day before. Tuesday’s moves had been initially propelled by a continued slowdown in the number of new COVID-19 cases and optimism over treatment options. The Dow Jones Industrial Average added 266 points, 0.1%, opening near 27,953, while the S&P 500 index rose 29 points, 0.9%, opening near 3,362. The tech-heavy Nasdaq Composite index opened near 10,882, up 99 points or 0.9%. Investor enthusiasm comes despite a lack of progress toward additional stimulus aid to offset the impact of closing the economy to contain the virus. Shares of Tesla Inc. rocketed higher after the bell after the company announced a share split late on Tuesday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.