US: Wall Street opens higher ahead of services activity data

US stock indexes opened higher on Wednesday (Aug 3) after two days of declines as focus shifted to services activity data due later in the session for more clues on the health of the economy, while PayPal soared after raising its forecast.

The Dow Jones Industrial Average rose 118.04 points, or 0.36 per cent, at the open to 32,514.21.

The S&P 500 opened higher by 16.77 points, or 0.41 per cent, at 4,107.96, while the Nasdaq Composite gained 85.12 points, or 0.69 per cent, to 12,433.87 at the opening bell. REUTERS