US stock indices opened higher on Wednesday with the benchmarks S&P 500 and the Nasdaq hitting record highs on growing optimism that the Federal Reserve could restart cutting interest rates from next month.
At the open, the Dow Jones Industrial Average rose 112.9 points, or 0.25%, to 44571.53. The S&P 500 rose 16.9 points, or 0.26%, to 6462.67, while the Nasdaq Composite rose 82.6 points, or 0.38%, to 21764.548.