US: Wall Street opens higher as tech stocks rebound, oil drops

US stock indexes opened higher on Wednesday (Aug 31) as technology and growth stocks rebounded, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation.

The Dow Jones Industrial Average rose 36.28 points, or 0.11 per cent, at the open to 31,827.15.

The S&P 500 opened higher by 14.51 points, or 0.36 per cent, at 4,000.67, while the Nasdaq Composite gained 89.42 points, or 0.75 per cent, to 11,972.56 at the opening bell. REUTERS