U.S. stocks opened higher on Wednesday after Gilead Sciences (GILD.O) gave an encouraging update on a potential COVID-19 treatment, while upbeat earnings reports from Boeing and Google-parent Alphabet added to the sentiment.
The Dow Jones Industrial Average .DJI rose 388.82 points, or 1.61%, at the open to 24,490.37. The S&P 500 .SPX was up 59.47 points, or 2.08%, at 2,922.86. The Nasdaq Composite .IXIC gained 194.97 points, or 2.27%, to 8,802.70 at the opening bell.
