US: S&P 500, Nasdaq open higher after selloff

THE S&P 500 and the Nasdaq rose at the open on Wednesday (Oct 12), but the gains were capped by worries around the rising chances of more jumbo-sized rate hikes following a higher-than-expected rise in producer prices in September.

The Dow Jones Industrial Average fell 6.1 points, or 0.02 per cent, at the open to 29,233.06.

The S&P 500 rose 2.0 points, or 0.06 per cent, at the open to 3,590.83​, while the Nasdaq Composite rose 10.8 points, or 0.10 per cent, to 10,436.996 at the opening bell. REUTERS