Dow Jones rises at open ahead of business activity data

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The S&P 500 and the Dow opened higher on Wednesday, with Nike hitting a record high following a strong quarterly earnings report, while investors looked to domestic business activity data to gauge the pace of an economic rebound.

The Dow Jones Industrial Average rose 125.42 points, or 0.46%, at the open to 27,413.60 and the S&P 500 opened higher by 4.54 points, or 0.14%, at 3,320.11.

The Nasdaq Composite dropped 12.81 points, or 0.12%, to 10,950.83 at the opening bell.



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