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Stocks open higher after back-to-back losses

U.S. stocks opened with gains Wednesday, attempting to bounce after back-to-back losses as investors weighed corporate earnings and the Federal Reserve’s plans for hiking interest rates in its bid to rein in inflation. The Dow Jones Industrial Average rose 160 points, or 0.5%, while the S&P 500 was up 0.5% and the Nasdaq Composite gained 0.8%.

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