U.S. stocks open higher after worst loss in more than 2 years

U.S. stocks opened modestly higher on Wednesday as the market attempted to bounce back from its worst loss in two years. The S&P 500
SPX,
+0.22%
advanced 12 points, or 0.3%, to 3,944. The Dow Jones Industrial Average
DJIA,
+0.08%
gained 77 points, or 0.3%, to 31,182. The Nasdaq Composite
COMP,
+0.27%
gained 47 points, or 0.4%, to 11,680. Tuesday’s market rout was sparked by the consumer-price index, which showed prices paid by ordinary Americans accelerated by more than expected in August. But stocks were bouncing Wednesday after the produce-price index showed prices paid by manufacturers and other businesses softened by more than expected.