U.S. stocks open higher on hopes coronavirus outbreak nearing peak

U.S. stocks opened higher on Wednesday for the third straight session on the hopes that the coronavirus outbreak in the country is nearing its peak and Congress' plan to introduce more aid will help improve the economy.

The Dow Jones Industrial Average rose 239,61 points, or 1.06 percent to 22,893.47.

The S&P 500 rose 25.59 points, or 0.96 percent to 2,685.00.

The Nasdaq Composite rose 88.46 points, or 1.12 percent, to 7,975.72.